XRP issuer Ripple has acquired Rail, a Toronto-based stablecoin payment platform, for $200 million to enhance its digital payment infrastructure and expand its stablecoin capabilities, including supporting Ripple’s own stablecoin RLUSD.

The deal integrates Rail’s real-time international payment technology, virtual accounts, and automated back-office systems into Ripple’s network. 

This story is an excerpt from the Unchained Daily newsletter.

Essentially, it would enable businesses to manage different payment flows, including third-party payments and internal treasury, within a single interface without needing to hold crypto assets on their balance sheets.

Rail is projected to process over 10% of the $36 billion global business-to-business payment volume in 2025.