Ripple Buys Stablecoin Platform Rail for $200 Million to Expand Payments

Ripple said it has agreed to buy Toronto-based Rail for $200 million, adding the stablecoin payments specialist to its global blockchain infrastructure portfolio. The deal, announced 7 August, is expected to close in the fourth quarter of 2025, pending customary regulatory approvals.

Rail’s platform offers virtual accounts, automated back-office functions and on- and off-ramps for multiple stablecoins and fiat currencies. Ripple plans to fold those capabilities into its payments network to accelerate adoption of its own RLUSD stablecoin and broaden liquidity options alongside XRP. “Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail we are uniquely positioned to drive the next phase of innovation,” Ripple president Monica Long said.

Rail is forecast to handle more than 10% of an estimated $36 billion in global business-to-business stablecoin transactions this year, according to the companies. Chief executive Bhanu Kohli said the tie-up will bring the firm’s technology to “millions of businesses that move money internationally.” The purchase lifts Ripple’s cumulative outlay on mergers and strategic stakes to more than $3 billion as it pushes to expand regulated digital-asset payments.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.