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Brazil’s Braza Group Drops Dollar-Backed Stablecoin on XRP Ledger—Because Banks Love Crypto Now
Brazil’s Braza Group Drops Dollar-Backed Stablecoin on XRP Ledger—Because Banks Love Crypto Now
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Another day, another bank hopping on the stablecoin bandwagon—this time with a twist.
Braza Group, a heavyweight in Brazil’s financial sector, just launched a USD-pegged stablecoin on the XRP Ledger. Because nothing says ’innovation’ like replicating Tether on a different blockchain.
Why it matters: Institutions keep pretending they ’discovered’ crypto—while quietly sidestepping SWIFT and dollar rails. The XRP angle? A not-so-subtle nod to Ripple’s regulatory scrapes and cross-border payment dreams.
Bottom line: When traditional finance adopts decentralized tech, it’s either progress or peak irony. Place your bets.
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