Ripple acquires stablecoin platform Rail for $200M to expand RLUSD infrastructure and stablecoin payment solutions.

According to most investors, the volatility of the cryptocurrency market can only be countered by an asset backed by stable, fiat-based support. Thus, people have become interested in stablecoins.

SPX6900 (SPX) erupted 8.5% over the past 24 hours, touching $1.80 as it attempts to reignite its charge toward the all-time high set at the end of July.