Ripple to Acquire Stablecoin Payments Firm Rail for $200 Million
Description
Ripple has announced plans to acquire Toronto-based payment infrastructure company Rail in a $200 million deal aimed at strengthening its footprint in the stablecoin sector. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approval. Rail is known for its cross-border payment capabilities using tokenized dollars and is backed by investors including Galaxy Ventures and Accomplice. The move signals Ripple’s intention to scale its stablecoin initiative, RLUSD...
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