Braza Group – the parent organisation of Braza Bank – has launched a stablecoin pegged to the Brazilian Real on the XRP Ledger.
The BBRL stablecoin is designed to combine the stability of the traditional currency with the benefits of blockchain technology.
The stablecoin is guaranteed by Braza Bank. The group hopes it will emerge as a secure and stable alternative for transactions and investments within Brazil.
Marcelo Sacomori, chief executive officer of Braza Group, said the business is committed to the highest security and compliance standards and hoped the stablecoin launch would support new business models in Latin America.
He said: “With BBRL, Brazilians and national companies gain new alternatives to protect against volatility and streamline their operations, contributing to a more inclusive and efficient financial ecosystem.”
Markus Infanger, senior vice president at RippleX, said launching a stablecoin like BBRL on the XRP Ledger creates significant opportunities for the Brazilian market while also laying the groundwork for broader adoption across South America and beyond.
“These stablecoins bring greater efficiency to cross border payments, expand access to reliable digital assets, and enable businesses to explore new financial use cases.
“By leveraging the XRPL’s speed, security, and scalability, BBRL has the potential to drive innovation and economic growth throughout the region.”
