Ripple completes acquisition of Rail…"Stablecoin business to ramp up"

Uk Jin

Summary

Ripple said it has completed the acquisition of the stablecoin payment infrastructure platform Rail.
It said the acquisition enables Ripple to provide comprehensive infrastructure covering stablecoin issuance, trading, regulatory compliance, liquidity management, and settlement.
Ripple said it will ramp up its RLUSD stablecoin business based on Rail's infrastructure.

Blockchain-based global payments and remittance service provider Ripple announced on the 12th that it has completed the acquisition of Rail, a payment infrastructure platform for stablecoins (virtual assets whose value is pegged to fiat currency).

With this acquisition, Ripple will be able to provide comprehensive infrastructure that covers all processes from stablecoin issuance to trading, regulatory compliance, liquidity management, and settlement.

Rail provides core infrastructure needed to expand institutional-level stablecoin adoption, including advanced regulatory compliance automation, smooth on/off ramps, enhanced fiat connectivity, and real-time transaction information. Ripple plans to ramp up its RLUSD stablecoin business based on Rail's infrastructure.

RLUSD