
Ripple Expands Institutional Reach With $1.25B Acquisition of Hidden Road
Ripple has struck a deal to purchase Hidden Road, a crypto broker that clears $3 trillion yearly across all markets, for $1.25 billion. Ripple’s acquisition aims to use its RLUSD stablecoin as trade collateral, while Hidden Road integrates XRP Ledger for trade recording and clearing. Ripple Labs has made one of the biggest moves in…