Ripple is acquiring the Canadian-based payment platform Rail for $200 million to support the growth of the RLUSD stablecoin.
The cryptocurrency company Ripple has made a notable acquisition decision to become a stronger player in the stablecoin market. The company is integrating the Toronto-based payment platform Rail into its operations with a $200 million deal to increase the usage of its recently launched RLUSD stablecoin.
The deal is expected to be completed in the fourth quarter of 2025. Rail had previously received support from significant investment firms such as Galaxy Ventures and Accomplice. This acquisition is not only Ripple's first serious move in the stablecoin space; it has also recently been reported that the company attempted to acquire stablecoin giant Circle with an offer of $4 to $5 billion.
Is a New Generation Payment Infrastructure Coming?
Ripple President Monica Long stated that with the acquisition of Rail, they will play a pioneering role in the global proliferation of blockchain-based payments and the use of stablecoins. According to Long's statement, stablecoins are becoming one of the cornerstones of not only the crypto world but also the broader financial system.
Ripple aims to achieve greater integration of payment systems with its own stablecoin RLUSD and establish a serious presence in this increasingly competitive field. Thanks to Rail's technology, RLUSD is expected to be used more effectively and quickly across different platforms.
Ripple's recent attempt to acquire Circle ended in failure. However, the Rail move shows that the company's appetite in this area is still strong. Ripple is determined to play big to grow the RLUSD stablecoin.
