💵 Ripple signs a $200 million deal to acquire Rail — increasing ambitions in stablecoin payment solutions
For $200 million, Ripple will acquire the Toronto-based payment infrastructure provider Rail to expand its presence in the stablecoin sector.
The deal is expected to close in the fourth quarter of 2025, pending regulatory approval. Galaxy Ventures and Accomplice are backing Rail, which utilizes tokenized currencies for cross-border transactions.
Ripple plans to expand RLUSD at a time when stablecoin regulation is becoming clearer both in the U.S. and abroad.
Ripple's acquisition appears to have been deliberately timed with the GENIUS Act and SEC recommendations on stablecoin accounting.
President of RLUSD, Monica Long, stated that the agreement will extend the company's reach as institutions adopt stablecoin payment solutions.