Braza Group launches the USDB stablecoin backed by dollars, integrated with Ripple's XRP Ledger for efficient cross-border payments. Brazil continues its crypto adoption push with Braza's new stablecoin, following the success of BBRL launches and the XRP ETF. Ripple's XRP Ledger sees global expansion with new stablecoin integrations in Singapore and the EU, signaling confidence in XRPL.
The Brazilian company Braza Group is launching USDB, a new dollar-backed stablecoin integrated with Ripple's XRP Ledger (XRPL). Braza will market this new stablecoin specifically for cross-border payments.
Similar integrations have also recently taken place in Singapore and the EU market. In one week, companies from three different continents turned to XRPL for their new offerings, representing a strong signal of trust.
Brazil has made several new strides in the adoption of cryptocurrencies recently, offering the world's first XRP ETF last month. Ripple has also made specific partnerships to expand cross-border payments with Brazil, and today's development builds on that.
Braza Group, a fintech company focused on cross-border money transfers, expects to use XRPL to revolutionize Braza's stablecoin market. It launched another stablecoin, BBRL, in early 2025. BBRL is backed by the Brazilian Real and hosted on XRPL.
Ripple has also used the stablecoin for advertised charitable donations and purchased a brokerage platform to enhance the utility of RLUSD. The company has been minting new tokens relentlessly, with RLUSD's market capitalization nearly tripling in the last three months.
Brazil is not the only market where new XRPL stablecoins are available. Earlier this week, StraitsX launched its own stablecoin, XSGD, which also uses Ripple's Ledger. Unlike USDB, this new asset is pegged to the Singapore dollar, targeting the market of that country.
It is backed by reserves held with DBS Bank and Standard Chartered, and available on multiple blockchain platforms. The announcement of StraitsX does not prioritize cross-border payments as the utility of XSGD, mentioning it alongside several other features such as access to DeFi and overall utility.
The company has repeatedly praised XRPL for its speed, security, scalability, and more. The two products share some similarities but do not occupy the same niche.
Schuman Financial, a Swiss financial company, announced today another XRPL stablecoin. EURØP, its own offering, is aimed at the EU market and is already compliant with MiCA regulations. It is backed by the Euro, and Schuman's statements reflected many of the goals of other companies for DeFi integration and ease of use.
The launch of so many XRPL stablecoins in less than a week is truly remarkable. Ripple's Ledger has a global influence, with completely unrelated companies on three different continents using it as the vehicle for their new financial instruments.
Among these launches and the rapid growth of RLUSD, Ripple's position in the stablecoin market is on the rise.