#USFedBTCReserve Ripple will acquire the stable currency platform Rail for 200 million dollars

According to PANews, Ripple is preparing to acquire the Toronto-based stable currency payment platform Rail for 200 million dollars. The deal, which is subject to regulatory approval, is expected to close in the fourth quarter of this year. Rail, backed by investors such as Galaxy Ventures, processes 10% of global stable currency payment activity, focusing on cross-border transactions. This acquisition aims to enhance Ripple's payment solutions and its stable currency RLUSD capabilities. Previously, Ripple announced the acquisition of Hidden Road for 1.25 billion dollars to further expand the use cases of RLUSD.