Brazilian foreign exchange bank Braza Group announced the launch of the USDB stablecoin on the XRP ledger. Braza Group’s newly added stablecoin is pegged to the U.S. dollar on a 1:1 basis and is backed by U.S. and Brazilian government bonds as per a press release by Ripple on May 22, 2025.
Stablecoins are often used in the crypto world to provide safety for investors who want to hold their crypto assets in currencies such as the dollar. Many stablecoins have previously integrated with the Ripple blockchain, such as StraitsX and Schuman Financial. The launch of this specific class of cryptocurrencies gives financial firms access to an emerging market on Ripple’s blockchain, where transactions occur quicker than traditional banks.
“With USDB, Brazilian individuals and companies gain new alternatives to hedge against volatility and speed up their operations. We are committed to offering a stablecoin that not only meets but exceeds the highest standards of security and compliance. Our mission is to contribute to a more inclusive and efficient financial ecosystem,” said Braza Group’s CEO Marcela Sacomori.
Braza Group has previously launched another stablecoin called the BBRL, which went live earlier this year on the XRP ledger and is pegged to the Brazilian Real.
Apart from stablecoin integration, Ripple is also active in trading markets with the launch of the first-ever U.S.-based ETF for XRP futures, which debuted on Thursday on the NASDAQ exchange.