Ripple Labs, a heavyweight in the blockchain payment world, announced that Braza Group has launched a new stablecoin on XRPL (XRP), the BBRL. Pegged to the Brazilian Real, BBRL aims to strengthen the economic landscape of South America through compliant means.
Braza Group’s CEO, Marcelo Sacomori, revealed plans to collaborate with the Brazilian central bank and Securities and Exchange Commission (CVM) to further enhance the utility of BBRL. The stablecoin will be accessible to institutional clients and B2C customers via Braza On App by Q1 2025.
XRPL and XRP: A Match Made in Heaven? 🤔
The launch of BBRL on XRPL will significantly impact the blockchain and XRP, currently at
$2.70
24h volatility:
6.2%
Market cap:
$156.51 B
Vol. 24h:
$4.69 B
Brazil’s recent regulatory advancements, like approving a spot XRP ETF for Hashdex, will likely boost XRP adoption and demand. As a result, XRP’s long-term bullish outlook remains strong during the 2025 crypto rally!
The Bigger Picture 🌄
XRPL and XRP have experienced substantial growth, mainly due to Ripple’s efforts. Despite the legal battle with the SEC, the crypto-friendly US President Donald Trump’s administration has raised hopes for a resolution. Ripple’s developers continue to improve the XRPL network, embracing the Web3 space and its possibilities.
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2025-02-20 12:30