Ripple CEO Ends Speculation on New Major $200 Million Stablecoin Deal
Main Idea
Ripple CEO Brad Garlinghouse confirms the acquisition of Rail, a stablecoin-focused payment infrastructure provider, for $200 million, marking a significant step in Ripple's stablecoin strategy.
Key Points
1. Ripple has acquired Rail, a payment infrastructure provider specializing in stablecoins, for $200 million.
2. The acquisition is part of Ripple's strategy to enhance its stablecoin offerings and payment infrastructure.
3. Ripple's stablecoin, RLUSD, is gaining popularity, ranked 105th among crypto assets by market cap with a circulating supply of 612.74 million.
4. RLUSD has a market cap of $612.71 million and a 24-hour trading volume of $45.26 million, trading just below PayPal's PYUSD.
5. Ripple has spent over $3 billion on strategic acquisitions to date.
Description
Ripple CEO Brad Garlinghouse breaks down $200 million fintech deal for first time
Latest News
- Ripple CEO Ends Speculation on New Major $200 Million Stablecoin Deal2025-08-07 16:47:11
- Dogecoin Hits 'Historical Buy Zone', New DOGE Price Outlook Says2025-08-07 16:06:30
- 9,614,765 SHIB Tokens Destroyed in Hours as Key Metric Soars 3464%2025-08-07 16:04:41
- US SEC To Review Ripple Lawsuit Appeal In Hours2025-08-07 15:54:42
- ETH Bears Crushed as Short Liquidations Soar 370% Over Bitcoin2025-08-07 14:57:00