Ripple is acquiring the stablecoin payment platform Rail for $200 million. The deal enhances Ripple's offerings with virtual accounts, automated back-office tools, and stablecoin on/off-ramps.

Ripple acquires Rail for $200M to expand its stablecoin payment network, streamlining global crypto transactions for enterprises worldwide.

Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter the mainstream.