#Ripple acquires Rail for $200 Million, strengthens its bet on Stablecoins after failed attempt to buy Circle
Ripple has made a significant strategic move, announcing the purchase of Rail, a stablecoin-based payment platform based in Toronto, for $200 million, with the closing expected in the fourth quarter of 2025.
Backed by Galaxy Ventures and Accomplice, Rail will strengthen Ripple's position in the stablecoin ecosystem, especially following the launch of its own stablecoin, RLUSD.
The acquisition follows a failed attempt by Ripple to buy Circle, the stablecoin giant, for $4-5 billion.
Monica Long, president of Ripple, emphasized that this move positions the company to lead innovation in global payments through stablecoins and blockchain technology.
