Braza Group, a well-established player in international payments, has unveiled its BBRL stablecoin, pegged to the Brazilian Real, on the XRP Ledger (XRPL). This new digital currency aims to simplify transactions and enhance financial security for both individuals and businesses.
BBRL will serve as a stable and secure solution for users to trade and invest, reducing the risks of volatility typically associated with cryptocurrencies. According to Marcelo Sacomori, CEO of Braza Group, the launch of BBRL represents more than just a new currency; it is a step toward shaping the future of finance in Brazil. “BBRL provides a safer method for digital transactions, improving business efficiency and creating more opportunities,” Sacomori explained.
Initially, BBRL will be available to institutional clients in early 2025, with broader access planned through the Braza On app for individual users thereafter.
Why XRP Ledger Was Chosen
Braza Group selected XRPL for BBRL due to its fast, secure, and scalable infrastructure, capable of handling high-volume transactions. Ripple Labs, the creator of XRP, also emphasized XRPL’s ability to deliver affordable, efficient transfers, which makes it an ideal platform for stablecoins like BBRL.
Markus Infanger, Senior Vice President of RippleX, confirmed that XRPL’s capabilities align well with the needs of stablecoin operations. The partnership with the Brazilian Central Bank on the DREX project further illustrates XRPL’s potential to bridge traditional banking with blockchain technology. The initiative aims to enhance communication and interaction between the Central Bank, the Securities and Exchange Commission (CVM), and blockchain networks.
BBRL Joins RLUSD on XRP Ledger
BBRL joins Ripple USD (RLUSD) as part of XRPL’s growing stablecoin ecosystem. RLUSD, launched by Ripple Labs, has already gained significant traction, reaching a new supply milestone recently. As Brazil moves toward increased regulation for digital assets, Sacomori projects that BBRL could capture about 30% of the market by the end of 2025, positioning stablecoins as an essential tool for global financial transactions.
“Stablecoins are the future of digital transactions,” Sacomori said, anticipating that BBRL will play a significant role in transforming the Brazilian digital economy.
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