Ripple announced on Thursday that it would get a Stablecoin payment platform for $ 200 million, with the deal is expected to close in the fourth quarter of 2025.
The company Says The move aims to expand the infrastructure of the enterprise’s digital asset and “deliver the most comprehensive stablecoin payment solution available to the market.”
Ripple hopes to get it to enable it to offer Stablecoin on- and off-ramp without asking customers to handle cryptocurrency, and to facilitate customers in managing many types of payments on behalf of themselves and their internal ardor flow.
The company also expects to support payments through various digital assets, including Ripple USD (RLUSD) and XRP (XRP). The platform will also streamline third-party and treasury payments, virtual accounts, collections, 24/7 integration through a single API, grade-enterprise compliance and access to a multi-bank partner network.
Rail CEO Bhanu Kohli noted that the rail was expected to process more than 10% of Global Stablecoin payments in 2025, an estimated market of up to $ 36 billion worldwide, According to In Artemis analytics.
The acquisition expands the long-term strategic expansion of the ripple through fusion and acquisition, following approximately $ 3 billion in investments to the present. In April, Ripple got the crypto-friendly prime broker hidden road to a $ 1.25 billion deal.
Ripple did not respond to Cointelegraph’s request for comment through the time of publication.
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Ripple dives into stablecoins
Acquisition marks Ripple’s latest move to expand in the growing stablecoin sector. The company has introduced it Rlusd stablecoin In late 2024, with CEO Brad Garlinghouse Its institutional focus of its focus.
This focus sets RLUSD in addition to most of the retail -focused competition, but data suggests that the use of stablecoin retail is growing. According to the last July reports, RLUSD is increasingly running at Self-customial wallets Like Xaman and Integrations on Developer Platforms such as Transak.
In mid -October 2024, Ripple also announced its cooperation with cryptocurrency and platform exchanges.
Related: European risk to USD dominance without standard StableCoin rules: ECB advisor
Expanding regulation in Europe and more
In mid -July, Ripple confirmed its intent To pursue a crypto-assets regulation (MICA) license market to expand in the European Union. Company spokesman Cointelegraph said the company intends to “be compliant with MICA” because it recognizes a “significant opportunity in the European market.”
The news is also following Ripple’s stablecoin approved From the Dubai Financial Services Authority, the financial regulator responsible for the Dubai International Financial Center. The DIFC is a free economic zone and financial district related to the Middle East, Africa and South Asia, with nearly 7,000 registered businesses at the end of 2024.
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