Ripple announced on Thursday that it will acquire the stablecoin-driven payment platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025.
The company stated that this move aims to expand its enterprise-level digital asset infrastructure and "provide the most comprehensive stablecoin payment solutions in the market."
Ripple anticipates that this acquisition will enable it to offer stablecoin deposit and withdrawal services without requiring customers to hold cryptocurrencies, and help clients manage various payment types on behalf of themselves and their internal treasury processes.
The company also expects to support payments through various digital assets, including Ripple USD (RLUSD) and XRP. The platform will also simplify third-party and treasury payments, virtual accounts, collections, 24/7 integration through a single API, enterprise-level compliance, and access to a multi-bank partner network.
Rail CEO Bhanu Kohli noted that, according to Artemis Analytics, Rail is expected to handle over 10% of global stablecoin payments by 2025, a market estimated to reach $36 billion globally.
This acquisition advances Ripple's long-term strategic expansion through mergers and acquisitions, having invested approximately $3 billion to date. In April, Ripple acquired the crypto-friendly major broker Hidden Road for $1.25 billion.
As of the time of publication, Ripple had not responded to Cointelegraph's request for comment.
This acquisition marks Ripple's latest move into the growing stablecoin sector. The company launched the RLUSD stablecoin at the end of 2024, with CEO Brad Garlinghouse emphasizing its institutional focus.
This focus differentiates RLUSD from most competitors that target retail, but data shows that retail usage of the stablecoin is on the rise. According to a report from the end of July, RLUSD is increasingly entering self-custody wallets like Xaman and integrating with developer platforms like Transak.
In mid-October 2024, Ripple also announced partnerships with cryptocurrency exchanges and platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to facilitate the distribution of RLUSD.
In mid-July, Ripple confirmed its intention to seek a crypto asset market regulation (MiCA) license to expand into the EU. A company spokesperson told Cointelegraph that the company intends to "comply with MiCA requirements" as it recognizes "significant opportunities in the European market."
This news also follows Ripple's stablecoin receiving approval from the Dubai Financial Services Authority, the financial regulator responsible for the Dubai International Financial Centre. The DIFC is a free economic zone and financial district connected to the Middle East, Africa, and South Asia, with nearly 7,000 registered companies as of the end of 2024.
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Original article: “Ripple to buy stablecoin platform Rail for $200 million”
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