BBRLStablecoin

Brazil is back at the forefront of the crypto revolution! The Brazilian Securities Commission (CVM) has approved the country's first spot XRP ETF, the Hashdex Nasdaq XRP Index Fund! 📈💥

While the US is still considering such applications, Brazil is already moving forward! 💪 Now the XRP-ETF will appear on the B3 stock exchange, and the XRP rate has soared by 8%, reaching $2.72! 🔥

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.