Ripple Acquires Hidden Road for $1.25 Billion: A Strategic Move For Stablecoin Expansion

Ripple made a significant move in the crypto industry by acquiring brokerage firm Hidden Road for $1.25 billion. The acquisition, expected to close within the coming months, will significantly boost Ripple’s stablecoin initiative launching at the end of 2024. This strategic deal brings the client base of 300 institutional customers and business dealings with traditional assets to the forefront. Marc Asch, founder of Hidden Road, will remain with the company as leader for main brokerage services under Ripple.