- Ripple has announced it is acquiring the stablecoin-powered business-to-business payments processing company, Rail, for US$200 million.
- The deal, which is expected to be completed in Q4 2025, will see Ripple become a “one stop shop” for digital assets payments and custody.
- The acquisition comes just weeks after Donald Trump signed stablecoin legislation into law, a development seen as beneficial for Ripple and its native stablecoin, RLUSD.
Ripple, the company behind the XRP cryptocurrency, announced on August 7 that it will buy stablecoin-powered payments processing company, Rail, for US$200 million (AU$306m).
Ripple said the deal — which is set to close in Q4 of 2025 — would allow the company to offer its customers a “one-stop shop” to connect traditional payment networks with blockchains, access liquidity for stablecoins, and digital asset custody.
Specifically, the acquisition means Ripple will be able to add “virtual accounts and automated back-office infrastructure,” to its existing Ripple Payment Network, which focuses on cross-border transactions made by businesses.
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.
Monica Long, Ripple President.Rail was launched in 2021 and focuses on business-to-business (B2B) payments using stablecoins. The company claims its systems slash the time and costs for businesses compared to settling payments using traditional payment networks. According to Rail CEO, Braun Kohli, over the first 6 months of 2025, the company has grown to account for around 10% of global B2B stablecoin settlement volume.
The deal comes just weeks after the US President Donald Trump signed the nation’s landmark stablecoin legislation, known as the GENIUS Act, into law.
Related: BitGo CEO Says XRP Bridge Strategy Dead as Ripple Bets on RLUSD
GENIUS Act “Uniquely” Beneficial For Ripple, Says Omni Boss
Speaking to Decrypt after the GENIUS Act was signed into law last month, co-founder of the Omni Network, Austin King, said “Ripple is uniquely positioned to benefit from this new legislation.”
King added that the new laws give stablecoins like “USDC and RLUSD [Ripple’s native stablecoin] a competitive advantage when it comes to institutional adoption, which is where the real winners will be made.”
Yuri Brisov, Partner at Digital & Analogue Partners, agreed that the GENIUS Act legislation leaves Ripple in a strong position:
The existence of RLUSD would allow Ripple to become a native, on-shore liquidity provider in the U.S., competing directly with USDC and PayPal USD.
Yuri Brisov, Partner at Digital & Analogue PartnersBrisov said this could allow Ripple to “reconfigure itself as a core infrastructure provider within the U.S. financial system.”
Related: Ripple’s RLUSD Stablecoin Hits $600M Market Cap, as XRP Leads Market Rally
Ripple launched its own native stablecoin, RLUSD, in December of 2024. Since then it has seen consistent growth, starting this year with a market cap of around US$70 million (AU$107m) and topping US$600 million (AU$920m) by early August. At the time of writing, RLUSD’s market cap was sitting at US$620 million (AU$950m) according to CoinGecko.
Despite this consistent growth, RLUSD is still tiny compared to the leading stablecoins, USDT and USDC, which at the time of writing have market caps of approximately US$164 billion (AU$251.5b) and US$65 billion (AU$99.6b), respectively.
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