Ripple announced it has agreed to acquire Rail, a stablecoin-powered platform for global payments, for $200 million. With this deal, Ripple and Rail will deliver the most comprehensive stablecoin payments solution available in the market. This acquisition will boost Ripple’s standing as the leader in digital asset payments infrastructure. Rail adds to Ripple’s capabilities with virtual accounts and automated back-office infrastructure, streamlining operations. Together, they will: Stablecoin On/Off-Ramps and Asset Flexibility: offer comprehensive stablecoin pay-ins and pay-outs across key corridors, including USD payments, without requiring customers to hold crypto on their balance sheets. Third-Party and Treasury Payments: offer flexibility to customers, enabling them to manage multiple payment types including third-party payments (on behalf of their customers) as well as internal treasury flows, seamlessly through a single platform. Premium Digital Asset Liquidity: support payments across a variety of digital assets like RLUSD, XRP and others, and provide competitive pricing on high-value tickets. Virtual Account and Collections: enable customers to transact with digital assets without the need to open dedicated crypto bank accounts or wallets on centralized exchanges, lowering barriers to entry and removing operational hurdles. Simple Integration and Always-On Infrastructure: connect customers to a global payment network that operates 24/7/365 through a single API for streamlined onboarding. Enterprise-Grade Compliance and Licensed: deliver regulated, secure payment flows with 60+ licenses that meet the highest standards for financial institutions. Banking Partner Network: offer a new level of built-in redundancy and reliability through the collective multi-bank partner network, giving clients resilient global coverage.