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.