Ripple finalizes $200M acquisition of stablecoin startup Rail

Ripple has finalized its $200 million acquisition of stablecoin startup Rail, a deal first announced in August, according to U.Today. Rail processes 10% of all global business-to-business (B2B) stablecoin payments. The acquisition is the latest in a series for Ripple this year, following its purchases of prime brokerage firm Hidden Road (now Ripple Prime), corporate finance and risk management SaaS provider GTreasury, and crypto wallet and custody firm Palisade.