By Marco Piccolo Key highlights: Ripple will acquire Toronto-based stablecoin payments platform Rail for $200 million, with the deal expected to close in Q4 2025 pending regulatory approvals. The acquisition strengthens Ripple’s position in the stablecoin sector and will expand its capabilities with virtual accounts and streamlined payment infrastructure. The move comes amid a shifting […]
Tag: RLUSD
By Marco Piccolo Key highlights: NYSE Arca has certified the listing of ProShares Ultra XRP (UXRP), a leveraged ETF offering 2x exposure to XRP futures. The ETF is set to begin trading on July 18, although the timeline may still shift. Ripple is seeking an electronic money institution (EMI) license in Luxembourg to expand its […]
By Marco Piccolo Key highlights: Ripple’s stablecoin RLUSD has crossed a $500 million market capitalization milestone. The Bank of New York Mellon (BNY Mellon) has been selected as RLUSD’s primary custodian. RLUSD aims to compete with leading enterprise stablecoins by targeting institutional use cases. Trade Crypto on Kraken Ripple’s US dollar-backed stablecoin, RLUSD, has surpassed […]