Catenaa, Monday, August 11, 2025-Ripple announced plans to acquire stablecoin payments platform Rail for $200 million, aiming to expand its footprint in the growing stablecoin market.
The deal, expected to close in the fourth quarter pending regulatory approval, will combine Rail’s cross-border payment technology with Ripple’s existing stablecoin infrastructure.
The acquisition will add virtual accounts and automated back-office processes, enhancing Ripple’s stablecoin payment solutions.
Monica Long, Ripple’s president, said the acquisition positions the company as a leader in stablecoin payments amid clearer regulatory frameworks and increasing market maturity.
Toronto-based Rail, supported by Galaxy Ventures and Accomplice, accounts for about 10% of global stablecoin payment activity. It touts faster, cheaper transactions compared to traditional fiat payment methods.
This move follows Ripple’s recent $1.25 billion purchase of multi-asset prime broker Hidden Road, intended to boost the utility of Ripple’s stablecoin RLUSD, launched last year. RLUSD, pegged to the U.S. dollar, competes with major stablecoins like Tether and Circle’s USDC.
Currently, RLUSD holds a market cap of over $611 million, compared to Tether’s $164 billion.
The acquisition comes shortly after US President Donald Trump signed legislation establishing a federal regulatory framework for stablecoins, which analysts say could accelerate digital assets’ mainstream adoption for payments and money transfers.
