Ripple Acquires Rail to Enhance Stablecoin Payments

Ripple announced its acquisition of the stablecoin-based payments platform Rail for $200 million, expected to finalize in Q4 2025. This strategic move aims to enhance Ripple's digital asset infrastructure and provide a comprehensive stablecoin payment solution. The acquisition will allow Ripple to offer stablecoin on- and off-ramps without requiring customers to hold cryptocurrency, facilitating the management of various payment types. Rail is projected to handle over 10% of global stablecoin payments by 2025, a market anticipated to reach $36 billion. This acquisition follows Ripple's previous investments totaling around $3 billion, including a $1.25 billion deal for prime broker Hidden Road. Ripple's RLUSD stablecoin, launched in late 2024, is gaining traction in retail markets, supported by partnerships with exchanges like Uphold and Bitstamp. Additionally, Ripple is pursuing a MiCA license to expand into the EU, recognizing significant opportunities in the region, while also receiving approval from the Dubai Financial Services Authority. Read more AI-generated news on: https://app.chaingpt.org/news