🎉🎉🎉✨️🎊#Ripple💰 to acquire Galaxy-backed stablecoin firm Rail for $200 million💸
Ripple also added Bank of New York Mellon as a reserve custody partner and applied for a U.S. banking license in July, aiming to bring RLUSD under regulatory oversight. Meanwhile, RLUSD, launched in December 2024, recently surpassed $500 million in circulating supply. The stablecoin market remains dominated by Tether's USDT and Circle USDC, The Block's data dashboard shows.$XRP
