PANews August 7 news, according to Reuters, Ripple will acquire the stablecoin payment platform Rail, headquartered in Toronto, for $200 million. The transaction is expected to be completed in the fourth quarter of this year, pending regulatory approval. Rail is backed by investments from Galaxy Ventures and is responsible for 10% of global stablecoin payment activities, focusing on cross-border payments. This acquisition will enhance Ripple's payment solution capabilities and its stablecoin RLUSD. Previously, Ripple announced the acquisition of Hidden Road for $1.25 billion to enhance the application scenarios of RLUSD.
