Full institutional stack deployed: payments processing, asset custody, and treasury management for regulated Brazilian institutions. VASP license application filed directly with Brazil's Central Bank (BCB) — serious regulatory commitment. BBRL, Brazil's Real-backed stablecoin, runs on the XRP Ledger and uses $XRP as its bridge currency for liquidity.
Every stablecoin transaction on XRPL requires XRP to settle. More stablecoins equals more $XRP demand — not competition.
Latin America's biggest economy is going institutional. XRP is the rails. We're long.
