Ripple to Acquire Stablecoin Payments Platform Rail for $200 Million to Expand Market Leadership

Ripple announced plans to acquire Rail, a Toronto-based stablecoin payments platform, for $200 million in a deal expected to close in Q4 2025 pending regulatory approval. The acquisition aims to enhance Ripple’s stablecoin infrastructure and strengthen its position in cross-border stablecoin payments.

Rail, backed by Galaxy Ventures and Accomplice, facilitates cross-border payments using stablecoins, boasting faster settlement times and lower transaction costs compared to traditional fiat payments. Rail currently processes around 10% of global stablecoin payment volume.

Ripple, closely associated with the XRP token and its own stablecoin RLUSD, highlighted that integrating Rail’s technology will bring virtual accounts and automated back-office operations to its payment solutions. Monica Long, Ripple’s president, emphasized that clearer regulations and market maturity have created ripe conditions for growth in stablecoin payments.

This move follows a recent U.S. law signed by President Donald Trump establishing a federal regulatory framework for stablecoins, potentially accelerating mainstream adoption of digital assets for everyday payments.

Ripple also disclosed an earlier acquisition plan for Hidden Road, a multi-asset prime broker, in a $1.25 billion deal intended to boost RLUSD’s utility.

RLUSD, launched last year, currently has a market cap exceeding $611 million, competing with dominant stablecoins like Tether and Circle’s USDC.