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Ripple And Brazilian Bank Join Forces To Launch XRP Ledger Stablecoin

  • Ripple and Brazilian bank Braza Group have collaborated to launch a stablecoin on the XRP Ledger called BBRL.
  • The stablecoin is pegged to the Brazilian Real and aims to provide secure and cost-effective solutions for individuals and businesses.
  • Braza Group plans to leverage the speed, security, and scalability of the XRPL to streamline digital transactions with BBRL.
  • The stablecoin will be fully guaranteed by Braza Bank and is expected to launch in Q1 2025, targeting 30% of the Brazilian market.

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