Ripple CEO Brad Garlinghouse Unveils Good News for XRP Community, RLUSD Stablecoin Users

Ripple CEO Brad Garlinghouse on Thursday said the company plans to make its second acquisition this year.

Ripple to acquire stablecoin payments platform Rail for $200 million, making RLUSD as go-to provider of stablecoin solutions for global financial institutions.

Traders didn’t respond immediately to the announcement, and trading volumes on XRP and RLUSD stablecoin remained muted. XRP price shoots more than 11% to continue upside momentum above $3.3.

Ripple to Acquire Rail Boosting Leadership

In a press release on August 7, crypto payments firm Ripple confirmed the plan to acquire stablecoin-powered payments platform Rail.

The acquisition will boost Ripple’s leadership in digital asset payments infrastructure. Rail to increase the crypto leader’s capabilities in virtual accounts and automated back-office infrastructure.

Commenting on the acquisition, Ripple president Monica Long said stablecoins are becoming key as traditional finance realizes its advantages in making global payments efficient and cost-effective. She stated:

“Ripple has one of the most widely used digital asset payment networks in the world, and this acquisition underscores our commitment to helping our global customer base to move money wherever and whenever they need.”

The acquisition is anticipated to be completed in the 4th quarter of 2025. Ripple has invested more than $3 billion in acquisitions and strategic opportunities.

Recently, Ripple partnered with BNY Mellon to expand RLUSD adoption among institutions. BNY Mellon to serve as a primary custodian for RLUSD reserves, boosting traditional finance’s confidence in RLUSD adoption.

How Ripple and Rail Benefit Stablecoin Users?

Ripple’s acquisition of Rail will ease stablecoin on and off-ramps, including USD payments. It will offer clients an advantage in managing multiple payment types, including internal treasury flows and third-party payments.

Also, the payments infrastructure will enable liquidity, 24/7 availability, and connectivity with bank partners to support payments with crypto assets like RLUSD, XRP, and others.

Moreover, customers will not need dedicated crypto bank accounts or wallets on centralized crypto exchanges for crypto transactions.

This lowers challenges in entry into stablecoin payments and removes operational hurdles. XRPL validator Vet took to X to reveal that Rail supports SEPA, FedWire, ACH, SWIFT, among other payment rails.

It also added RLUSD stablecoin payments with Bitcoin, Ethereum, Tron, and Solana network support.

This will also enable XRP/USD pair transaction support on the above-mentioned payment rails. This will improve liquidity for XRP and RLUSD.

XRP Price Rebounds Over 2%

XRP price saw significant upside momentum, climbing more than 11% to trade at $3.33 at the time of writing. The 24-hour low and high were $2.99 and $3.38, respectively.

Trading volumes also soared further by 186% over the past 24 hours. This indicated massive selling pressure from market participants. Notably, this also comes as Ripple secured a victory in the ongoing XRP lawsuit.

Meanwhile, the RLUSD market cap surpassed $620 million, with a 75% surge in trading volume in the last 2 hours.

CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total XRP futures open interest jumped 20% to $8.8 billion in the last 24 hours.

XRP futures open interest on the leading exchanges, CME and Binance, shot up more than 25% and 30% in the past 24 hours, respectively.