Ripple Labs Inc. Announces Major Acquisition

In a groundbreaking move, Ripple Labs Inc. revealed plans on Tuesday to acquire prime broker Hidden Road for a staggering $1.25 billion. This acquisition marks one of the most significant transactions in the digital assets sector to date.

Strengthening Ripple USD's Position

The acquisition is poised to significantly bolster the standing of Ripple USD, a US dollar-pegged stablecoin. Ripple aims to make it "the first stablecoin to enable efficient cross-margining between the digital asset space and traditional markets." The deal is anticipated to finalize in the coming months.

A Vision for the Future

"Together with Ripple, we're bringing the same level of trust and reliability that institutional clients are accustomed to in traditional markets — designed and optimized for a digital world," stated Hidden Road CEO Marc Asch, highlighting the collaborative vision behind the acquisition.