Ripple is accelerating its stablecoin ambitions by acquiring Rail, a Toronto-based platform focused on crypto-powered payment infrastructure.
The $200 million agreement, still pending regulatory approval, signals Ripple’s intent to build the most robust stablecoin payment ecosystem in the industry.
The move comes as part of Ripple’s broader expansion strategy, which includes earlier deals like the $1.25 billion acquisition of brokerage firm Hidden Road and ongoing efforts to secure a national banking license. Once closed, the Rail acquisition will provide Ripple with access to back-office automation tools and virtual account capabilities—essential building blocks for scaling enterprise-grade payment systems.
Ripple sees this deal as a gateway to strengthening both its XRP token and the RLUSD stablecoin, which are integral to its global liquidity network. As stablecoins gain more acceptance in institutional finance, Ripple is positioning itself as a frontrunner, aiming to offer seamless settlement options for a wide range of clients.
The integration with Rail is also expected to boost support for other crypto assets, but XRP and RLUSD will remain at the core of Ripple’s cross-border operations. Following the announcement, XRP gained momentum, trading above $3.07, while RLUSD’s market cap surged past $600 million—indicating investor optimism about the company’s new direction.
Commenting on the deal, Ripple President Monica Long emphasized that stablecoins are becoming foundational to modern finance and said the acquisition will help propel the next phase of global adoption. CEO Brad Garlinghouse added that the two firms will jointly build an enterprise-ready infrastructure that could redefine how institutions engage with digital currencies.
This latest acquisition, though still awaiting final approvals, reflects Ripple’s broader mission: to become the go-to provider of stablecoin payment solutions for enterprises looking to harness blockchain-based finance.
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Source: https://coindoo.com/ripple-targets-global-stablecoin-domination-with-200m-rail-deal/