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By Parikshit Mishra, Jamie Crawley|Edited by Stephen Alpher
Updated Aug 7, 2025, 2:28 p.m. Published Aug 7, 2025, 12:37 p.m.
- The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin.
- Rail’s capabilities include virtual accounts and automated back-office systems, enabling customers to transact in digital assets without the need to open dedicated crypto bank accounts or wallets on exchanges.
- The deal is likely to close in the fourth quarter of this year.
Ripple is buying Rail, a stablecoin payments platform, for $200 million, the firm said on Thursday.
The deal is likely to close in the fourth quarter of this year, the statement said. Rail is a Toronto-based payments platform backed by Galaxy Ventures and Accomplice.
STORY CONTINUES BELOW
The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin in December last year.
RLUSD has a market cap of over $600 million, placing it in the top largest stablecoins, according to data tracked by CoinMarketCap.
Ripple previously had offered to buy Circle (CRCL) for $4 billion-$5 billion, but that stablecoin giant ended up going public several weeks back. It’s since delivered amazing returns for its IPO investors.
Ripple acquired multi-asset prime brokerage firm Hidden Road for $1.25 billion in April, with plans to expand its clearing and finance operations, to the end of creating the world’s largest non-bank prime broker.
Now the acquisition of Rail will allow Ripple to deliver a more comprehensive stabecoin payments service, the company said in Thursday’s announcement. Rail’s capabilities include virtual accounts and automated back-office systems, enabling customers to transact in digital assets without the need to open dedicated crypto bank accounts or wallets on exchanges.
“Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments,” said Monica Long, Ripple President.
The deal was first reported by Reuters.
Read more: Ripple Offered $4B-$5B for Stablecoin Issuer Circle: Bloomberg
UPDATE (Aug. 7, 12:41 UTC): Updates headline and story with Ripple’s confirmation.
UPDATE (Aug. 7, 14:15 UTC): Adds paragraph on Ripple’s Hidden Road acquisition and more detail on RLUSD, Circle’s IPO and what Rail adds to Ripple.
Parikshit Mishra is CoinDesk’s Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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The deal follows Bit2Me’s authorization under the EU’s MiCA license approval, allowing it to operate across the European Union.
What to know:
- Tether has invested 30 million euros in Spanish crypto exchange Bit2Me, acquiring a minority stake in it and joining major investors including Telefónica, BBVA, and Unicaja with stakes in the firm.
- The investment will help Bit2Me expand its presence in Latin America, particularly in Argentina, where it has a Virtual Asset Service Provider license.
- The deal follows Bit2Me’s authorization under the EU’s MiCA license approval, allowing it to operate across the European Union.
