Ripple announced its acquisition of Rail for 200 million USD to bolster its stablecoin payments platform. The deal aligns with recent U.S. Regulations supporting digital assets and aims to provide a comprehensive stablecoin payment solution.
Monica Long, president of Ripple, stated that the acquisition solidifies their market leadership in stablecoin payments amid growing regulatory clarity. Rail, based in Toronto, plays a significant role by facilitating 10% of the global stablecoin payment activity.
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