Braza Bank is preparing to launch its BBRL stablecoin, pegged to the Brazilian Real, on the XRP Ledger. The bank has been operating for over 15 years and ranks 6th in Brazil’s interbank market. BBRL combines the stability of fiat currency with blockchain’s efficiency, aiming to transform digital transactions for individuals and businesses.
CEO of Braza Group, Marcelo Sacomori, emphasized the role of stablecoin in boosting financial inclusion and reducing volatility. He noted its potential to develop new business models and create value for Latin America and global markets. Backed by Braza Bank, BBRL is positioned as a secure choice for transactions and investments within Brazil.
Braza Group is also participating in DREX, a blockchain initiative led by Brazil’s Central Bank. This project explores use cases like tokenized debentures and cross-border CBDC exchanges. Sacomori remains optimistic about its outcomes, seeing it as a path toward financial innovation.
XRP Ledger boosts cross-border payment efficiency
Additionally, the SVP at RippleX, Markus Infanger, highlighted the advantages of launching BBRL on the XRP Ledger. He noted its potential to streamline cross-border payments and expand access to reliable digital assets. The XRPL’s speed, security, and scalability offer a strong foundation for BBRL’s adoption.
The BBRL stablecoin will be available to institutional clients in early 2025, with broader access planned through the Braza On app. Sacomori described the coin as a tool for transparent international transactions and stable investments. He projected significant market demand, expecting BBRL to capture 30% of Brazil’s market by late 2025.
Braza Group envisions stablecoins as integral to the future of global finance. Sacomori anticipates a world where all currency exchanges include stablecoins, with Braza leading this shift. The bank aims to dominate Brazil’s crypto market and support businesses with stablecoin-driven liquidity solutions.
