Coinworld News - Brazilian investment platform XP announced the launch of USD stablecoin USDXP, which is issued on the Rayls Labs blockchain network through its digital brokerage subsidiary Clear Corretora. The stablecoin is fully backed 1:1 by US dollars, with reserves held in accounts at international financial institutions. XP Inc. manages customer assets exceeding 20 trillion reais (approximately 400 billion dollars). USDXP has been integrated into the Clear platform and is now live, supporting round-the-clock trading and instant execution. XP stated that it may further expand to other currencies such as the euro and British pound in the future.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin