Braza Group Launches USD-Backed USDB Stablecoin on XRP Ledger

In a recent XRP news update, Brazil-based financial services company Braza Group has launched a new USD-backed stablecoin, USDB

Financial services company Braza Group has launched a new USD-backed stablecoin, USDB, on the XRP Ledger (XRPL).

XRP News: Braza Group Brings USDB Stablecoin to XRPL

The announcement was made on May 22, as part of Braza’s broader effort to expand digital asset solutions across Latin America and beyond.

According to the company, USDB is pegged 1:1 to the U.S. dollar and is fully backed by U.S. and Brazilian government bonds.

The stablecoin is also subject to regular audits by Braza Group to ensure transparency and asset backing.

This is part of Braza’s broader strategy to introduce reliable and accessible digital financial tools.

Individuals can purchase the USDB stablecoin via the Braza On application, while institutional clients can also access the asset. Braza Group aims to make USDB a secure and accessible tool for fast and low-cost international payments, especially for remittances and cross-border commerce.

Earlier this year, Braza Group launched BBRL, a Brazilian Real-backed stablecoin, on the XRP Ledger.

Both stablecoins are issued on the XRP Ledger, a public, decentralized Blockchain that handles fast settlement and low transaction costs. XRPL is known for processing more than 3.3 billion transactions, supporting more than six million wallets worldwide.

In addition to new stablecoins, it is worth mentioning the XRP news about the launch of Vaultro Finance’s decentralized index fund dashboard.

Marcelo Sacomori, CEO of Braza Group, stated, “With USDB, Brazilian individuals and companies gain new alternatives to hedge against volatility and speed up their operations.”

He added that Braza is committed to delivering financial tools that meet strict compliance and security standards.

By launching both BBRL and USDB on the same blockchain, Braza is able to operate under a unified infrastructure. This will help facilitate financial use cases in tokenization and digital settlements in local as well as international markets.

Stablecoin Regulation Amid USDB Launch

The launch of USDB comes as stablecoin regulation is advancing globally.

Most recently, the U.S. Senate passed a key procedural vote on the GENIUS Act, which aims to provide stablecoin oversight. Financial institutions launching or expanding stablecoin solutions are monitoring this development.

In another XRP news, European firm Schuman Financial introduced EURØP, a euro-backed stablecoin, also on the XRP Ledger. The ACPR licenses EURØP under France’s central bank and fully complies with MiCA regulations, the European Union’s regulatory framework for crypto assets.

Silvio Pegado, Ripple LATAM Managing Director, commented,

“By issuing both BBRL and USDB on the XRP Ledger, Braza is helping lay the foundation for a more connected and efficient digital asset community in Brazil.”