Brazil approved the first spinal XRP-ETF, and the local bank will launch Stablecoin on XRPL

The local financial regulator approved the ETF based on the XRP from the HashDex on the B3 B3 B3. The start date of the bidding has not yet been announced.

Braza Group объявила о планах по запуску стейблкоина BBRL с привязкой к бразильскому реалу в сети XRP Ledger. Braza специализируется на услугах по обмену валюты и международных платежах. Запуск запланирован до конца первого квартала этого года. Braza Group также участвует в блокчейн-инициативе бразильского ЦБ, связанной с токенизацией активов, трансграничными платежами и изучением CBDC.

The first spare XRP-ETF

XRP-ETF (exchange fund) is a type of investment fund that monitors the price of XRP, cryptocurrencies, and is traded on the stock exchange in the same way as shares. Here are a few key points about XRP-ETF:

Brazil was the first country in the world to launch a sport XRP-ETF, approved by the Brazilian securities commission. ETF is controlled by HashDex and will be registered on the B3 Brazilian Stock Exchange, although the exact date has not yet been announced.

XRP-ETF status in the United States: In the United States, several applications for XRP-ETF are currently under consideration by the securities and exchanges commission (SEC). Companies such as REX-OSPREY, Canary and 21SHARES are awaiting the approval of their XRP-ETF proposals.

The point of view of Ripple: according to Silvio Pegado, Ripple General Manager in Latin America, XRP is an ideal candidate for a spotal ETF because of his real utility, growing institutional demand and recent SEC defeat in a noticeable trial.

Market indicators: Recently, XRP has demonstrated a positive market dynamics. Over the past week, it has grown by 8.6%, making it the third largest cryptocurrency in market capitalization.

The launch of the XRP-ETF in Brazil marks an important milestone for the XRP and can potentially lay the way for a wider implementation and investment in cryptocurrency.