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.
Additionally, the BBRL can be integrated into the second phase of Drex, the digital currency of the Brazilian Central Bank, and can be traded on the secondary market soon. The Senior Vice President of Ripple, Markus Infanger, highlighted that the arrival of the BBRL to the XRP Ledger opens doors to new opportunities in South America. #BBRL #BBRLStablecoin #Stablecoins