The Brazilian bank Braza Group is launching the stablecoin BBRL, pegged to the Brazilian real, on the XRP Ledger blockchain. The stablecoin is backed by the assets of Braza Bank, the largest exchange bank in the country. The launch is planned for the first quarter of 2025, initially for institutional clients, with expansion to the business segment. It is expected that by the end of 2025, BBRL will capture 30 percent of the market in Brazil. Braza Group is also involved in the DREX project, aimed at improving financial services and possibly creating a central bank digital currency.
2/20/2025 8:06:33 AM (GMT+1)
Brazilian bank Braza Group launches the BBRL stablecoin on the XRP Ledger, with plans to capture 30 percent of the market in Brazil by 2025
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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