Ripple has agreed to acquire Rail, a stablecoin infrastructure company, in a move that will bolster Ripple’s stablecoin ambitions and follows the passing of landmark US rules for the stablecoin market. The deal is expected to close by the end of the year.
| less than a minute read
Cryptocurrency group Ripple buys stablecoin platform in $200m deal
“[The deal] underscores our commitment to helping our global customer base to move money wherever and whenever they need,” said President Monica Long.
