Users deposit fiat (BRL or USD) into Braza Bank accounts and receive stablecoins at a 1:1 ratio; redemptions burn tokens against fiat payouts. Issuance and lifecycle management run on the XRP Ledger. Revenue is generated through FX and payment flows across the Braza Bank / Braza On / Braza UK rails.

Braza issues two regulated stablecoins natively on the XRP Ledger: BBRL pegged 1:1 to the Brazilian Real and USDB pegged 1:1 to the U.S. Dollar. Both are fully backed by reserves at Braza Bank and used primarily for cross-border payments, FX settlement, and access to USD-denominated savings in Latin America. BBRL processed over $1B in payments in Q3 2025.

Braza Group is a Brazilian financial services group operating Braza Bank S.A. (Banco de Cambio, authorized by the Central Bank of Brazil), the Braza On digital multicurrency account, and Braza UK (FCA-regulated EMI in London). The group has 15+ years of operating history and ranks 6th in Brazil's interbank FX market per BACEN.