News

XRP Ledger (XRPL) To Host Braza Bank’s BBRL Stablecoin

BACEN interbank player Braza Group has launched BBRL stablecoin on the XRP Ledger, complementing RLUSD from Ripple Labs
Published by
XRP Ledger (XRPL) To Host Braza Bank’s BBRL Stablecoin

Highlights

  • Braza Group has floated the BBRL stablecoin on the XRP Ledger
  • This token will complement RLUSD and operate in the BACEN interbank corridor
  • XRPL continues to welcome innovations amid growing adoption

Braza Group, an international payment firm, has introduced BBRL stablecoin, a digital currency linked to the Brazilian Real using the XRP Ledger (XRPL). The company says BBRL will help people and businesses make transactions more easily and safely.

Advertisement

The Braza Group Plans for BBRL Stablecoin

It is worth mentioning that Braza Group has been in the banking sector for over 15 years. Now, with the launch of BBRL, the company is moving into digital finance. 

According to the announcement, Braza Group said this stablecoin will give Brazilians and businesses a secure and stable way to trade and invest without the risk of sudden price changes. Similarly, Marcelo Sacomori, chief executive officer of Braza Group, said the project will help businesses manage money more efficiently and create more business opportunities.

“With BBRL, we are giving people and companies a safer way to handle digital transactions. This is about more than just a new currency—it’s about shaping the future of finance in Brazil,” he explained.

In addition, the firm’s CEO confirmed that BBRL will first be available to institutional clients in early 2025. After that, individuals can access it through the Braza On app.

Advertisement

Reasons Behind Choosing the XRP Ledger

Meanwhile, the statement published by Ripple Labs’ disclosed that Braza Group chose XRPL for BBRL because it is fast, secure, and can handle large transactions. 

Similarly, many digital asset investors have praised XRPL for making transfers quick and affordable. To complement this, Markus Infanger, Senior Vice President of RippleX, added that the XRP Ledger is a great fit for stablecoins like BBRL.

Furthermore, the firm is partnering with the Brazilian Central Bank on the DREX project. The goal is to link traditional banks with blockchain technology, allowing the Central Bank and the Securities and Exchange Commission (CVM) to interact more easily through a secure system.

But for now, the entity is testing different ways to use blockchain technology, including digital asset management and secure bank transactions. The XRP Ledger is known to welcome amendments regularly, so it believes the chain is the best fit. 

A recent XRPL amendment is the NFTokenMintOffer, which went live on the mainnet last Sunday.

Advertisement

The XRP Ledger Innovations: RLUSD Spotlight

It is worth mentioning that BBRL is not the first stablecoin on XRPL. Several other digital currencies, such as Ripple USD (RLUSD) stablecoin, have already been released on the network. This token is gaining traction and it hit a new supply milestone earlier this week.

Regarding the future growth of BBRL stablecoin on the XRPL ledger, Sacomori Estimated that by 2025, Brazil will implement more regulations to support digital assets. 

This would eventually make the market safer to trade, ushered in by more development. He also shared that stablecoins will soon play a pertinent role in global finance.

“We expect BBRL to capture about 30% of the market by the end of next year. Stablecoins are the future of digital transactions,” he said.

Advertisement
Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025
  • News

€648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs

Nordea Bank, one of Europe’s largest financial institutions, is allowing customers to trade Bitcoin-linked funds…

October 30, 2025
  • News

Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution

Uphold has relaunched its XRP Debit Card across the United States following the resolution of…

October 30, 2025
  • Altcoin News

Breaking: XRP Treasury Evernorth Debuts on Nasdaq Under XRPN Ticker After $1B Token Purchase

Evernorth Holdings, a Ripple-backed XRP treasury company, has officially made its debut on Nasdaq under…

October 30, 2025