# Braza

> Track Braza with daily standardized on-chain data. Compare Braza with other stablecoin issuers. See charts, financial statements and datasets in one place.

Source: [Braza on Token Terminal](https://tokenterminal.com/explorer/projects/braza). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: ripple

## About

### What it is

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.

### Who uses it

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.

### How it works

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.

## Metrics

Token Terminal tracks these metrics for Braza daily. Each page has a chart with the full history.

- [Outstanding supply](https://tokenterminal.com/explorer/projects/braza/metrics/outstanding-supply)

## Links

- [website](https://www.brazaon.com.br/)
- [twitter](https://twitter.com/brazaon)