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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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Dare to trade. Dare to win.
Breaking: Ripple to Buy Major Stablecoin Platform
Enterprise blockchain company Ripple is set to acquire stablecoin firm Rail for $200 million, according to a Thursday report by Reuters.
The move will help the San Francisco-headquartered company expand its presence within the burgeoning sector
The report says that the deal is expected to be wrapped up in the fourth quarter of the year
The Toronto-based platform, which is backed by such players as Galaxy Ventures, focuses on providing infrastructure for using stablecoins for cross-border payments
As reported by U.Today, Ripple also bought prime brokerage Hidden Road for $1.25 billion earlier this year, which marks one of the largest acquisitions to date.