Cryptocurrency firm Ripple has reached an agreement to acquire the stablecoin payments platform Rail for $200m.
The deal will allow Ripple to enhance its offerings by integrating Rail’s stablecoin-focused payment infrastructure, including virtual accounts and automated systems for back-office operations.
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Rail’s platform serves as a bridge between conventional fiat currency systems and stablecoin technology, providing a range of payment solutions.
These include the provision of virtual IBANs, named accounts, and the facilitation of USD Rails and third-party payments for financial entities such as fintechs, neobanks, and enterprise organisations.
Ripple Payments is known for its network for payouts, access to digital asset liquidity, and a set of licences for compliant payment processing.
The combined capabilities of both companies will allow for the handling of diverse payment types and the management of internal treasury operations through a single integrated platform.
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By GlobalDataAdditionally, it supports payments in a variety of digital assets, including RLUS, XRP, and others.
Customers can transact without the need for specialised cryptocurrency bank accounts or the use of wallets on centralised exchanges.
The acquisition, which is contingent upon customary closing conditions and regulatory approvals, is expected to be completed in the fourth quarter of 2025.
Rail CEO Bhanu Kohli stated: “Over the last four years, Rail built the fastest way to settle business payments internationally using stablecoins, and in 2025, Rail is forecasted to process over 10% of the $36bn global B2B stablecoin payments.
“Ripple shares our vision, and together, we’re excited to bring our innovation to the millions of businesses that move money internationally.”
Ripple president Monica Long said: “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.
“Ripple has one of the most widely used digital asset payment networks in the world, and this acquisition underscores our commitment to helping our global customer base to move money wherever and whenever they need.”
Last month, Ripple partnered with OpenPayd to improve payment solutions for enterprise clients by incorporating the latter’s global fiat infrastructure into Ripple’s network.
