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Home News Crypto

Braza Group Innovates in Brazil: Launches Dollar Stablecoin on XRP Ledger, Expanding Financial Access

23 May 2025
in Crypto, News
Reading Time: 3 mins read
105 6
source: news.bitcoin.com

source: news.bitcoin.com

Brazilian financial institution Braza Group has launched a new US dollar-backed stablecoin on the XRP Ledger, marking a significant development in Latin American crypto.

The stablecoin aims to provide a secure, transparent, and efficient digital asset for payments and remittances, leveraging the speed and low transaction costs of the XRP Ledger.

🇧🇷 Braza Group’s new USD-backed stablecoin, USDB, is launching on the XRP Ledger, giving individuals and institutions a seamless and secure way to move value across borders. https://t.co/YAj6NBXPYy

With both $USDB and $BBRL on the XRPL, Braza is creating a scalable bridge…

— RippleX (@RippleXDev) May 22, 2025

The Braza Group’s stablecoin is fully backed by US dollars held in reserve, ensuring stability and trust for users. This move aligns with the growing demand for reliable stablecoins in emerging markets, where currency volatility and inflation often challenge traditional financial systems. By using the XRP Ledger, Braza Group benefits from a decentralized, energy-efficient blockchain known for its fast transaction finality and scalability.

This launch is part of Braza Group’s broader strategy to integrate blockchain technology into its financial services, enhancing accessibility and inclusion for its customers. The institution emphasizes compliance with regulatory standards, aiming to foster trust among users and regulators. The stablecoin will facilitate cross-border payments, reducing costs and settlement times compared to conventional banking channels.

The XRP Ledger’s robust infrastructure supports this initiative by offering a secure environment with built-in compliance features, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. This ensures the stablecoin adheres to international financial regulations while maintaining user privacy and security.

The introduction of Braza Group’s stablecoin reflects a wider trend of financial institutions in Latin America embracing blockchain solutions to address local economic challenges. Stablecoins pegged to the US dollar have become popular tools for preserving value and enabling faster transactions in regions with unstable local currencies.

The XRP Ledger’s JavaScript library was compromised by attackers, who used it to steal private keys. Although this vulnerability was addressed quickly by the XRP Ledger Foundation, it highlighted supply chain risks in the crypto space. Despite the breach, the XRP token’s value increased, indicating that the security scare did not deter its momentum, potentially due to favourable regulatory changes and new trading products.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: Braza GroupBrazilCrypto
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Bobby Okposin

Bobby Okposin

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