Ripple Acquires Stablecoin Platform Rail for $200 Million

Ripple has agreed to acquire Rail, a platform specializing in stablecoin operations. The deal is valued at $200 million.

The acquisition aims to create a comprehensive solution for stablecoin payments and strengthen Ripple’s position in this sector.

Deal Details

Rail’s infrastructure will enhance Ripple’s ecosystem with virtual accounts and automation of internal processes. The combined platform will allow clients to:

• conduct stablecoin payments without the need to hold cryptocurrency on their balance sheets;
• manage various types of payments through a single platform, including third-party transfers and internal treasury operations;
• access liquidity for various digital assets, including RLUSD and XRP;
• integrate with the global payment network through a single API.

Ripple President Monica Long stated that stablecoins are becoming the foundation of modern finance. According to her, the deal underscores the company’s commitment to helping clients move money anytime, anywhere.

Rail CEO Bhanu Kohli noted that by 2025, his platform is expected to process over 10% of the global volume of B2B stablecoin payments, estimated at $36 billion.

The deal is expected to close in the fourth quarter after obtaining all necessary regulatory approvals. Earlier, Ripple reported investments exceeding $3 billion in acquisitions and strategic initiatives.

XRP Whale Wallet Outflows

Large XRP holders have resumed selling the asset, creating pressure on its price. This was highlighted by CryptoQuant analyst known as The Enigma Trader.

The expert noted that the 90-day metric of XRP flows on whale wallets has turned negative. A similar situation was observed in January-February, when the distribution of the asset by large players coincided with a local price peak and subsequent correction.

The current outflow of coins is less prolonged and deep compared to the beginning of the year, yet the trend direction is similar. According to the analyst, the market will remain structurally weak without a sustained inflow of funds into whale wallets exceeding 5 million XRP per day.

Currently, there are no signs of sustained accumulation of XRP by large investors. This factor remains a crucial condition for a potential trend reversal.

At the time of writing, XRP is trading at $3.07 (+4.1% over the past day), according to CoinGecko.

Back in April, Ripple acquired prime broker Hidden Road for $1.25 billion.