Brazilian Financial Group Braza Launches USDB Stablecoin on XRP Ledger
Grupo Braza, a prominent Brazilian financial institution, has announced the launch of its new stablecoin, USDB, on the XRP Ledger (XRPL). The XRPL is a decentralized layer-1 blockchain designed for efficient tokenization and exchange of real-world assets. USDB is pegged to the US dollar and is reportedly 100% backed by assets such as US and Brazilian government bonds, with regular audits to ensure transparency.
The USDB aims to combine the stability of traditional currency with the advantages of blockchain technology. Braza hopes to provide secure and cost-effective solutions for digital transactions for both individuals and businesses.
Braza has been operating for over 15 years and ranks 6th in interbank operations by the Central Bank of Brazil (BACEN). In April of this year, the company processed US$1.079 billion in just 24 hours, equivalent to nearly R$6 billion in the interbank market.
The financial group already has another stablecoin in its portfolio, BBRL, launched in early 2025. Both BBRL and USDB are issued on the XRPL, providing Braza with a unified and scalable infrastructure to support real-world financial use cases.
Marcelo Sacomori, CEO of Grupo Braza, believes that creating another digital asset will foster the development of new business models and add value to both the Latin American and global markets. “With USDB, Brazilians and national companies gain new alternatives to protect themselves from volatility and streamline their operations. We are committed to offering a stablecoin that not only meets but exceeds the highest standards of security and compliance. Our mission is to contribute to a more inclusive and efficient financial ecosystem,” Sacomori stated.
USDB: A Dollar-Pegged Stablecoin
Pegged to the US dollar, USDB facilitates fast and low-cost international transactions, particularly benefiting those who need to send remittances abroad or preserve value in a strong currency.
Furthermore, it promotes access to the digital financial market for individuals and businesses. “USDB not only promotes stable commercial transactions but also provides greater efficiency and security in the market. Our goal is to build a network that provides high liquidity for this currency,” Sacomori emphasized.
The stablecoin is already available to institutional clients and has been made available to the B2C public through the Braza On application since May.
USDB is positioned as a solid and accessible alternative in the Brazilian financial landscape, promising to transform how digital transactions are conducted.
It also represents a milestone in financial modernization, allowing companies and consumers to transition between the traditional and digital markets with agility and security.
“By issuing BBRL and USDB on the XRP Ledger, Braza is helping to lay the foundation for a more connected and efficient digital asset community in Brazil,” said Silvio Pegado, General Director of Ripple for Latin America. “With the proven reliability of the XRPL and built-in compliance features, these stablecoins offer businesses and individuals a faster and more secure way to move value internationally,” he added.
Looking Ahead to 2025
Sacomori anticipates that 2025 will be a year of regulatory advancements in the crypto-asset sector. “We are optimistic. Regulation should make the market safer, especially regarding custody for financial institutions, something we are already prepared for. We are also ready for the arrival of exchanges in Brazil and to follow the fine-tuning in the foreign exchange market,” he revealed.
The executive projects significant growth in demand for the group’s stablecoins, BBRL and USDB. “We believe that by the end of next year, USDB should represent about 30% of the Brazilian market for dollar-pegged stablecoins. This is due not only to our consolidated presence but also to the creation of new avenues for the global settlement of the currency,” he stated.
Finally, Sacomori believes that in five years, global foreign exchange will be dominated by stablecoins. “We are positioning ourselves to lead this movement. We started selling these assets in the institutional market, serving Brazilian companies with specific demands, and over time we have gained a significant share of the sector. Today, we are already a reference,” he concluded.
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