
Jakarta, Pintu News – Crypto company Ripple has reached an agreement to acquire stablecoin platform Rail.
The move is a big boost for XRP and RLUSD, two assets that play a key role in the company’s payment services.
In a press release, crypto company Ripple announced that it has agreed to acquire Rail, a Toronto-based stablecoin platform, for a transaction value of $200 million.
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Ripple mentioned that through this deal, the two companies will deliver the most complete stablecoin payment solution available in the market. Currently, Rail manages more than 10% of B2B stablecoin volumes worldwide.
Ripple believes that this acquisition will further strengthen its position as a crypto payment infrastructure leader. With Rail on board, Ripple can now offer virtual account services as well as automated back-office infrastructure that can simplify operations.
The move follows an earlier acquisition earlier in the year, when Ripple bought brokerage firm Hidden Road for USD 1.25 billion. Additionally, the Rail acquisition comes amid Ripple’s efforts to acquire a national banking license.
Even so, this acquisition still requires the fulfillment of transaction closing conditions such as regulatory approval. Ripple expects this process to be completed in the fourth quarter of this year.
Ripple also highlighted other benefits of the acquisition, including its ability to provide premium crypto liquidity by supporting payments using RLUSD and XRP, alongside other crypto assets. XRP acts as a bridge currency in Ripple’s payment solutions, making this move a big news for the altcoin.
Ripple President Monica Long said that stablecoins are quickly becoming a key pillar in the modern financial system.
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He emphasized that with Rail on board, Ripple is well positioned to drive the next phase in innovation and adoption of stablecoins for global payments.
Monica also added that Ripple is one of the most widely used digital asset payment networks in the world, and this acquisition confirms the company’s commitment to helping their global customers send money around the world.
In a post on platform X, Monica highlighted that payments using stablecoins are now ubiquitous.
He revealed that from the first time he met the Rail team, he was confident that Rail’s product capabilities would complement Ripple’s payment services.
Ripple CEO, Brad Garlinghouse, also shared the news of the acquisition on his X platform. He stated that Ripple and Rail will work together to become a major provider of stablecoin payment infrastructure for global institutions around the world.
Based on TradingView data, the price of XRP rose following this announcement. The altcoin is currently trading at around US$3,073, up more than 4% in the last 24 hours (7/8).

Meanwhile, the RLUSD stablecoin just broke through a market capitalization of $600 million as adoption increases.
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