Ripple Acquires Hidden Road for $1.25B, Eyes Institutional Reach and Stablecoin Support

TL;DR Ripple acquired institutional broker Hidden Road for $1. 25 billion, marking one of the largest deals in the crypto sector. The purchase aims to integrate the RLUSD stablecoin as collateral in traditional markets and migrate operations to the XRP Ledger. Hidden Road processes over $3 trillion annually and works with more than 300 institutions across. . . source: https://crypto-economy.com/ripple-acquires-hidden-road-for-1-25b-eyes-institutional-reach-and-stablecoin-support/