Ripple to Acquire Rail for $200M to Expand Stablecoin Payment Solutions

Description

Ripple buys Rail for $200M to improve stablecoin payment automation. Rail platform enables seamless stablecoin payments and liquidity access. XRP whale wallet outflows resume, pressuring XRP price despite recent gains. Ripple has agreed to acquire the stablecoin platform Rail for $200 million, aiming to provide a comprehensive stablecoin payment solution and reinforce its position in the market. Deal Details Rail’s infrastructure will integrate with the Ripple ecosystem by adding virtual account...