BBRL
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Braza Bank launched the BBRL, a stablecoin pegged to the real, which operates on the XRP blockchain.
The BBRL was already being used by institutional clients and will now be available to Braza On clients, the bank's app, still in the first quarter.
A stablecoin aims to provide protection against volatility and greater efficiency in financial transactions, in addition to facilitating international transfers and investments. The CEO of the Braza Group, Marcelo Sacomori, emphasized that the BBRL contributes to a more inclusive and secure ecosystem.
Braza Bank's initiative places Brazil at a higher level of competitiveness in the blockchain and digital finance sector, bringing the country closer to major economies that already use stablecoins to facilitate international payments and investments.
A stablecoin aims to provide protection against volatility and greater efficiency in financial transactions, in addition to facilitating international transfers and investments. The CEO of the Braza Group, Marcelo Sacomori, emphasized that the BBRL contributes to a more inclusive and secure ecosystem.
Braza Bank's initiative places Brazil at a higher level of competitiveness in the blockchain and digital finance sector, bringing the country closer to major economies that already use stablecoins to facilitate international payments and investments.
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