Market Cap: $3.5162T 2.070%
Volume(24h): $163.1221B -7.100%
  • Market Cap: $3.5162T 2.070%
  • Volume(24h): $163.1221B -7.100%
  • Fear & Greed Index:
  • Market Cap: $3.5162T 2.070%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$111233.607824 USD

0.62%

ethereum
ethereum

$2710.400604 USD

4.44%

tether
tether

$0.999989 USD

0.01%

xrp
xrp

$2.466558 USD

2.62%

bnb
bnb

$689.250459 USD

0.85%

solana
solana

$183.771663 USD

5.32%

usd-coin
usd-coin

$0.999812 USD

0.00%

dogecoin
dogecoin

$0.251507 USD

4.57%

cardano
cardano

$0.827639 USD

5.75%

tron
tron

$0.274246 USD

1.47%

sui
sui

$3.897754 USD

-2.37%

hyperliquid
hyperliquid

$35.462900 USD

17.82%

chainlink
chainlink

$17.006311 USD

4.47%

avalanche
avalanche

$25.733231 USD

9.34%

stellar
stellar

$0.310183 USD

4.44%

Cryptocurrency News Articles

Braza Group Launches USDB, a New USD-Backed Stablecoin on the XRP Ledger

May 23, 2025 at 07:30 am

On May 22, 2025, RippleX announced that Braza Group launched its new USD-backed stablecoin, USDB, on the XRP Ledger (XRPL).

Braza Group Launches USDB, a New USD-Backed Stablecoin on the XRP Ledger

On May 22, 2025, RippleX announced that Braza Group has launched its new USD-backed stablecoin, USDB, on the XRP Ledger (XRPL). The move is targeting individuals and institutions in Latin America, enabling faster and more secure international transactions.

The stablecoin is pegged 1:1 to the U.S. dollar and functions natively on XRPL, a network known for rapid settlement, low fees, and built-in token support. Braza aims to improve digital finance access in markets where currency volatility and limited banking infrastructure remain challenges.

This launch adds to Braza’s presence on XRPL, where its local token BBRL is already deployed. The two assets together are designed to support use cases like payments, transfers, and digital asset interactions across borders.

Ripple Infrastructure Powers Real-Time Settlement

Braza selected XRPL to deploy USDB due to its speed and efficiency in settling transactions within 3–5 seconds and supporting high throughput without relying on energy-intensive mining. Its consensus protocol provides both scalability and low operating costs.

Ripple highlighted that these features allow real-time fund transfers between countries, reducing friction in remittance corridors. The platform also includes built-in functions for token management and compliance, which are critical for regulated financial products like stablecoins.

By leveraging XRPL, Braza aims to simplify digital payments and offer a reliable dollar-based tool across Latin American economies that deal with inflation and exchange rate volatility.

USDB and BBRL to Support Local and Regional Use

Braza’s strategy involves using USDB alongside its BBRL token to serve both domestic and international financial needs. BBRL represents local value, while USDB introduces a dollar-denominated option for broader transactions.

The company plans to integrate both tokens into regional fintech platforms, wallets, and merchant services. The goal is to connect real-world financial activity with on-chain tools, creating an accessible system for daily transactions and long-term savings.

RippleX noted that this development extends the XRP Ledger’s utility in emerging markets. Braza expects future partnerships with banks and payment providers to widen adoption of USDB across Latin America.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on May 23, 2025