[Crypto Card Issuer Rain Completes $58 Million Series B Funding Round, Led by Sapphire Ventures] BlockBeats News, August 28: Crypto card issuer Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. According to an insider, the annual spending volume supported by Rain's credit cards has exceeded $1 billion. Rain has launched Visa-supported bank cards, enabling stablecoins to be easily spent at all locations that accept Visa. The company was founded in 2021 by CEO Farooq Malik and CTO Charles Yoo-Naut. Rain allows new banks and fintech companies (such as Nuvei) to offer stablecoin payment services. Previously, on March 24, Rain announced it had completed a $24.5 million funding round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka.