Rain-Powered Stablecoin Program Collateral Tops $300 Million a Month, a16z crypto Says

According to a16z crypto (Andreessen Horowitz’s digital asset arm), monthly collateral in programs using Rain’s infrastructure rose from near zero in November 2024 to more than $300 million in early 2026.

Summary

Monthly collateral in stablecoin programs powered by Rain increased from near zero in November 2024 to more than $300 million per month in early 2026, according to a16z crypto (Andreessen Horowitz’s digital asset arm). The update points to rapid growth in the use of Rain’s stablecoin-related infrastructure. In crypto markets, collateral (assets pledged to support transactions or obligations) is a key measure of activity because it reflects how much capital is being committed to a system.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being linked to a fiat currency such as the U.S. dollar.
  • Collateral: Assets pledged to back a financial position or program, helping reduce counterparty risk and support settlement or borrowing activity.
  • a16z crypto: The digital asset investment arm of Andreessen Horowitz, a venture capital firm active in blockchain and cryptocurrency markets.