Conduit & Braza Group Launch Stablecoin Exchange in Brazil: Revolutionizing Forex

Brazilian fintech company Braza Group, in partnership with Conduit, has launched a new stablecoin exchange service. This innovative platform aims to simplify cross-border transactions and boost efficiency within the country’s forex market. Built on the XRP Ledger, USD and Real-pegged stablecoins will be utilized for faster and more secure transactions. The launch is poised to impact Brazilian industries by reducing transaction times and volatility while ensuring transparency through government bond backing. The service is a significant step towards greater financial inclusion and technological advancement within Brazil’s financial landscape.