Brazilian bank Braza launches stablecoin BBRL on XRP Ledger

Foresight News reported that Brazilian bank Braza Group announced the launch of stablecoin BBRL on XRP Ledger to strengthen the digital economy in Brazil and South America. BBRL is a stablecoin pegged to the Brazilian real and guaranteed by Braza Bank, which can serve as an alternative to domestic transactions and investments in Brazil. BBRL plans to launch on the Braza On app to institutional customers in the first quarter of 2025, and B2C customers will also have direct access through the Braza On app.