Ripple acquired Rail for $200 million to enhance stablecoin payment services, supporting both XRP and RLUSD.
This deal, scheduled to close in the fourth quarter of 2025, will support virtual accounts and simplify global payment operations.
The price of XRP rose by 4% to reach $3.073, and the market value of RLUSD reached $600 million, showing strong optimism in the market.
Ripple recently announced its acquisition of the Rail platform, a Toronto-based stablecoin platform, for $200 million. The deal is set to close in the fourth quarter of 2025, pending regulatory approval, which will make Ripple a key player in stablecoin payments.
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Ripple handles over 10% of the B2B stablecoin trading volume, and this acquisition will allow Ripple to offer virtual accounts and streamline administrative support operations.
A key step for Ripple's global payments
Monica Long, President of Ripple, stated that stablecoins have become critically important in the financial sector, and Rail technology will help Ripple lead in global payments.
CEO Brad Garlinghouse added that they will work together to build the preferred stablecoin payment system for institutions around the world.
The deal supports payments in XRP, the bridge currency for Ripple, and RLUSD, which has a market value exceeding $600 million. This comes following Ripple's acquisition of Hidden Road for $1.25 billion earlier this year, as the company seeks to obtain a national banking license.
The price of XRP rose by 4% to reach $3.073 after this news, reflecting market optimism. Rail technology, along with the Ripple network, can make cryptocurrency payments smoother and more popular globally.
