Ripple Expands in Brazil as Coinbase Pushes Back on Stablecoin Taxes
By PYMNTS
AI summary of the source article
Brazilian financial market infrastructure firm CSD BR has partnered with Ripple to use the XRP Ledger to record and audit financial assets. Following validation of the initial phase, the companies plan to explore native asset issuance, trading, and potential international expansion. Separately, Coinbase urged Brazilian policymakers to establish a regulatory framework for stablecoins amid concerns that potential asset reclassifications could lead to crypto transaction taxes.