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Ripple to acquire stablecoin platform Rail for $200 million

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Ripple to acquire stablecoin platform Rail for $200 million

According to Foresight News, according to Reuters, Ripple will acquire stablecoin platform Rail for $200 million, and the acquisition will be completed in the fourth quarter of this year, awaiting regulatory approval. Previously, Ripple has issued its own stablecoin RLUSD, which has made substantial investments in stablecoin infrastructure in recent months.
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