In a recent XRP news update, Brazil-based financial services company Braza Group has launched a new USD-backed stablecoin, USDB, on the XRP Ledger (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. XRP News: Braza Group USDB Dollar-Backed Stablecoin According to a press release issued by the company, USDB is pegged 1:1 to the U.S. dollar and is fully backed by U.S. and Brazilian government bonds. USDB is subject to regular audits by Braza Group to ensure transparency and asset backing.  As highlighted in the XRP news, Braza designed this stablecoin for both institutional and retail digital financial transactions. 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,… Read More at Coingape.com

The post XRP News: Braza Group To Launch USDB Dollar-Backed Stablecoin On XRP Ledger appeared first on CoinGape.

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