Braza Group Launches USDB Stablecoin for Faster & Secure Transactions

Brazilian financial institution Braza Group has launched a new stablecoin, USDB, backed by U.S. and Brazilian government bonds. The stablecoin aims to revolutionize digital transactions within Brazil and beyond with its promise of speed, security, and stability. This move comes on the heels of Braza’s previous stablecoin launch, BBRL, which already enjoys significant market share in Brazil’s interbank operations. USDB is available through Braza On for both institutional and retail users, broadening access to secure digital financial services.