Braza Group Launches Dollar-Pegged Stablecoin on $XRP Ledger
A major move in Brazil’s fintech space — Braza Group, one of the country’s top financial institutions, has launched USDB, a new dollar-backed stablecoin issued on the XRP Ledger (XRPL).
🌐 What is USDB?
USDB is a USD-pegged stablecoin backed by U.S. and Brazilian government bonds. It is audited regularly to ensure transparency and trust for its users.
Initially available to institutional clients, the stablecoin will roll out to all users through Braza’s mobile app starting in May.
⚡ Why XRP Ledger?
By issuing USDB on the XRP Ledger, Braza Group leverages XRPL’s key advantages:
👉Fast transaction speeds
👉Low fees
👉Global reach
This infrastructure allows businesses and individuals to make quick, cost-effective transactions — ideal for hedging against market volatility.
📈 Expanding Stablecoin Access in Brazil
The launch of USDB marks Braza’s commitment to expanding stablecoin adoption in Brazil and Latin America. The bank aims to become a leading player in the space by offering secure and compliant digital assets.
CEO Marcelo Sacomori stated:
“USDB gives Brazilians powerful new tools to manage risk and move money faster. We're setting a new standard in stability and compliance.”
🔄 Dual Stablecoin Strategy
USDB is Braza Group’s second stablecoin on the XRP Ledger. Earlier this year, they introduced BBRL, a Brazilian real-pegged stablecoin, to support local digital innovation.
With both local (BBRL) and international (USDB) stablecoins, Braza is the first Brazilian bank to vertically integrate multi-currency stablecoin solutions.
🚀 The Future: Braza anticipates that USDB could capture up to 30% of Brazil’s stablecoin market, fueling new pathways for global payments and digital finance in Latin America.
Stay tuned as Brazil’s digital finance revolution continues.
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