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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
Ripple will acquire the payment platform Rail for 200 million USD to support transactions through XRP and stablecoin RLUSD.
Ripple has just announced the acquisition of Rail, a Toronto-based stablecoin payment infrastructure platform, for $200 million. The deal comes amid a growing demand for stablecoins in transactions. Ripple stated that the merger will help provide the most comprehensive stablecoin payment solution in the market, allowing for the deposit and withdrawal of stablecoins at key corridors without the need to hold cryptocurrency on the balance sheet.
Rail will be integrated with the Ripple ecosystem, supporting multi-asset digital payments such as XRP and Ripple USD (RLUSD) – a stablecoin issued by Ripple by the end of 2024. President Monica Long asserts that the stablecoin is becoming a pillar of modern finance. CEO Brad Garlinghouse emphasizes that Ripple and Rail will become the leading stablecoin payment infrastructure provider for global financial institutions.