Ripple Acquires Stablecoin Platform Rail for $200 Million
Ripple has announced a $200 million acquisition of the stablecoin payments platform Rail, set to close in Q4 2025 pending regulatory approvals. This marks Ripple's first significant move into the stablecoin sector following the recent passage of the GENIUS Act.
Key Points
- The acquisition aims to enhance Ripple's stablecoin infrastructure and expand the use cases for its RLUSD stablecoin.
- Rail provides virtual accounts and back-office infrastructure to improve operational efficiency.
- Ripple President Monica Long highlighted the ripe opportunity for stablecoin payments due to clearer regulations.
- The partnership will facilitate seamless transactions across major corridors such as USD without requiring businesses to hold crypto.
- Rail currently processes 10% of global stablecoin payments, offering faster settlement times compared to traditional systems.
- Transactions via Rail can clear within an hour, enhancing cross-border payment capabilities.
- The GENIUS Stablecoin Act aims to establish a federal regulatory framework for stablecoins, potentially increasing digital asset adoption in payments.