What to know
- Ripple announced a major expansion in Brazil and plans to apply for a VASP license with the Central Bank of Brazil to operate under the country’s evolving crypto regulations.
- Brazilian institutions such as Banco Genial, Braza Bank, and Nomad are adopting Ripple Payments, often using XRP for cross-border liquidity.
- Ripple is also expanding its RLUSD stablecoin and institutional services in Brazil, as the country emerges as a key hub for blockchain-based financial infrastructure.
Blockchain payments firm Ripple has announced a major expansion in Brazil, aiming to accelerate institutional adoption of digital assets and blockchain-based financial infrastructure in the region. The announcement outlines plans to broaden Ripple’s enterprise services while also pursuing regulatory approval under Brazil’s developing virtual asset framework.
As part of the expansion, Ripple confirmed it plans to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil, reinforcing its strategy of operating within regulated markets.
According to Ripple president Monica Long, Latin America, particularly Brazil, remains a key focus for the company. She noted that Brazil has developed one of the most advanced financial ecosystems in the region, making it a strong environment for institutional blockchain adoption.
Growing Adoption of Ripple Payments
Ripple highlighted increasing adoption of its cross-border payments platform among financial institutions and fintech companies in Brazil. The network, often powered by XRP for liquidity, has already processed more than $100 billion in global transaction volume across more than 60 markets. Several Brazilian institutions are now using the platform to improve international transfers and treasury operations.
Also Read: Is This the First XRP Purchase on Elon Musk’s X Money?
Ripple is going all-in on Brazil 🇧🇷: https://t.co/6nyoBmE0wq
💸 Ripple Payments: $100B+ processed, 60+ markets, live with Banco Genial, Braza Bank, Nomad, Azify & more
🔐 Ripple Custody: Recently launched in Brazil with CRX
💰 Ripple Treasury: Decades of corporate treasury…
— Ripple (@Ripple) March 17, 2026
These include Banco Genial, which uses Ripple technology for same-day U.S. dollar disbursements, and Braza Bank, which has integrated Ripple Payments for USD transfers while issuing its BRL-pegged stablecoin BBRL on the XRP Ledger.
Brazilian fintech Nomad, serving over three million users, is also leveraging Ripple’s liquidity network to streamline treasury flows between Brazil and the United States.
RLUSD Stablecoin Expanding Across Latin America
Ripple also pointed to the growing traction of Ripple USD, its enterprise-grade USD-backed stablecoin. The company says RLUSD has already surpassed a $1.5 billion market capitalization and is being adopted by several major crypto exchanges and fintech platforms in Brazil, including Mercado Bitcoin, Foxbit, and Ripio.
Ripple noted that RLUSD is designed for institutional use and operates under regulatory oversight from the New York Department of Financial Services and the Office of the Comptroller of the Currency.
Institutional Crypto Infrastructure Expanding
Alongside payments and stablecoins, Ripple is also bringing additional institutional services to Brazil, including digital asset custody and financial infrastructure for treasury management and trading. The expansion signals Ripple’s broader strategy to provide a full financial stack for institutions operating in both traditional and digital finance.
With regulatory clarity improving and adoption accelerating, Brazil is emerging as a key hub for blockchain-based financial innovation across Latin America, positioning Ripple to play a growing role in the region’s evolving digital economy.
Also Read: Kiyosaki Warns of Historic Market Crash, Urges Bitcoin and Gold Buying
