Ripple acquires new surprising stablecoin platform
Ripple has agreed to acquire Rail, a stablecoin platform for global payments, for $200 million, the crypto payments firm said on Aug. 7.
The fintech firm is one of the leading players in the global stablecoin market that issues RLUSD, a stablecoin pegged 1:1 to the U.S. dollar.
'Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments,' said Ripple President Monica Long.Backed by Galaxy Ventures and Accomplice, Toronto-based Rail has partnered with more than 12 banks to offer seamless service to its clients.
Rail CEO Bhanu Kohli said, 'Over the last four years, Rail built the fastest way to settle business payments internationally using stablecoins, and in 2025, Rail is forecasted to process over 10% of the $36B global B2B stablecoin payments. Ripple shares our vision, and together, we're excited to bring our innovation to the millions of businesses that move money internationally.'
Ripple launched RLUSD in December 2024, and President Donald Trump signed the GENIUS Act into law in mid-July 2025 in order to regulate USD-pegged stablecoins and consolidate the global dominance of the U.S. dollar.
With a market cap of $612 million, RLUSD doesn't account for even 1% of the total stablecoin market that is worth nearly $270 billion at the time of writing. Expected to close in the fourth quarter of 2025, the deal would pave the way for Ripple to penetrate the stablecoin market further.
Ripple acquires new surprising stablecoin platform first appeared on TheStreet on Aug 7, 2025
This story was originally reported by TheStreet on Aug 7, 2025, where it first appeared.
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