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Braza Launches USDB: A Revolutionary USD-Backed Stablecoin on XRP Ledger

  • Braza Group plans to launch USDB, a USD-backed stablecoin on the XRP Ledger, to enable fast and low-cost global payments in Latin America.
  • USDB stablecoin is pegged 1:1 to the U.S. dollar and fully backed by U.S. and Brazilian government bonds, making it accessible to individuals and institutional clients.
  • Braza also launched BBRL, a Brazilian Real-backed stablecoin on the XRP Ledger, aiming to enhance financial inclusion and enable digital financial transactions in Latin America.
  • USDB's launch coincides with the growing global stablecoin regulation momentum, influencing financial institutions' interest in expanding their stablecoin services and reshaping access to financial services in new markets.

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