- USDB aims to cut cross-border payment costs for Brazilian users, offering stability against local currency fluctuations and high remittance fees.
- Braza’s earlier stablecoin, BBRL, tied to Brazil’s real, targets institutional clients on XRPL, with plans to expand to retail users.
Brazilian financial services firm Braza Group has introduced USDB, a U.S. dollar-pegged stablecoin built on the XRP Ledger (XRPL), aiming to streamline international transactions and hedge against currency volatility. The token is fully backed by a mix of U.S. and Brazilian government bonds, with regular audits to verify reserves, according to a company announcement Friday.
USDB targets individuals and businesses in Brazil seeking faster, cheaper alternatives to traditional remittance channels. Braza Group, which operates banking, digital accounts, and fintech services, emphasized the stablecoin’s role in modernizing Brazil’s financial infrastructure. The firm processed over $1 billion in transactions within 24 hours in April, per central bank data cited in its release.
This marks Braza’s second stablecoin on XRPL, following February’s launch of BBRL, a Brazilian real-linked token initially offered to institutional clients. Both projects leverage Ripple’s blockchain to enable cross-border payments, capitalizing on XRPL’s speed and low transaction fees. USDB is now available to retail users via Braza’s mobile app, Braza On.
“USDB provides accessible tools to manage volatility and improve financial efficiency” said Braza CEO Marcelo Sacomori. The stablecoin enters a $248 billion market dominated by Tether’s USDT and Circle’s USDC, but Braza’s focus on Brazil’s unique needs—such as dollar access for importers and exporters—sets it apart.
Ripple executives highlighted the strategic value of Braza’s move. “Digital assets like BBRL and USDB lay groundwork for a more connected financial ecosystem in Brazil” noted Silvio Pegado, Ripple’s LATAM managing director. The partnership reflects growing institutional adoption of blockchain solutions in emerging markets, where high remittance costs and currency instability persist.
XRP (Ripple) – Real Price & Market Analysis – May 23, 2025
XRP is currently trading at $2.363, reflecting a -2.80% decline in the last 24 hours, though it remains +6.75% over the past month and has delivered an impressive +349.19% gain year-over-year.
Despite short-term volatility, the asset holds strong with a market cap of $138.86 billion and a 24-hour trading volume of $4.16 billion, positioning it firmly among the top five cryptocurrencies globally.
From a technical perspective, XRP recently surged to a local high of $2.479, before entering consolidation around the 23.6% Fibonacci retracement level. Support currently lies near $2.31, with resistance forming at $2.45–$2.60.
Technical indicators show a neutral stance, suggesting a potential for a directional move depending on macro and ecosystem developments.
Fundamentally, XRP has entered a high-impact phase. Two major catalysts define its current trajectory:
- XRP futures launched today on the CME, marking a critical milestone for institutional accessibility and signaling growing demand from sophisticated traders.
- Volatility Shares launched the first U.S.-based XRP futures ETF, further legitimizing XRP in regulated financial markets.
Meanwhile, the SEC has delayed its decision on the CoinShares XRP ETF application, extending its review window by 240 days — a move seen as both regulatory caution and a signal of growing pressure to approve spot or futures products amid the success of Bitcoin ETFs.
Community sentiment is broadly bullish, with multiple analysts projecting breakouts toward $2.80–$3.00, and others citing long-term Fibonacci extensions pointing to $5–$7 ranges. Still, short-term price action remains sensitive to ETF developments and broader altcoin market performance.
