{
  "id": 10987505,
  "title": "Ripple Expands in Brazil as Coinbase Pushes Back on Stablecoin Taxes",
  "url": "https://urgent.news/2026/09/30/ripple-expands-in-brazil-as-coinbase-pushes-back-on-stablecoin-taxes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T16:53:28.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/ripple-expands-brazil-coinbase-pushes-back-stablecoin-taxes/"
  },
  "original_language": "en",
  "account": "Brazilian financial infrastructure firm CSD BR has teamed up with blockchain provider Ripple to implement the XRP Ledger as an additional layer for recording and auditing financial assets, according to a press release. This marks the first phase of a strategic partnership aimed at advancing asset tokenization in Brazil.\n\nThe collaboration will utilize the XRP Ledger as a supplementary layer for recording and auditing financial assets, while maintaining CSD BR's systems as the official source of record for registration, deposit, and settlement of these assets. This initial phase of the project will evaluate the transparency, traceability, automation, and efficiency gains brought about by blockchain technology.\n\nUpon successful validation, CSD BR and Ripple intend to progressively extend blockchain utilization to native asset issuance and trading among authorized participants. Furthermore, the companies may consider extending this model to other international markets in the future, as announced in the press release.\n\nCSD BR's head of products and clients, Daniel Polano Spreafico, emphasized the importance of assessing the technology's performance under real-world conditions and establishing a robust foundation for future developments. In a separate development, Coinbase, a cryptocurrency platform, published a blog post urging Brazilian policymakers to create a regulatory framework that supports the growth of a stablecoin market with global interoperability.\n\nCoinbase's senior regional managing director, Fabrio Plein, highlighted that Brazilian regulators are contemplating reclassifying stablecoins as electronic money or foreign currency, which could result in taxation on crypto transactions. Plein also mentioned that the country's upcoming general elections and a deadline for virtual asset service providers (VASPs) to file license applications in October may impact the landscape of cryptocurrency services.\n\nPlein emphasized that the future of finance is being shaped by open, always-on networks that enable individuals to hold, move, and exchange value at internet speeds. He stated that for Brazilians, this means improved access to global markets, novel methods of wealth accumulation, and financial services that can reach underserved populations. Plein concluded by asserting that Brazil has the potential to shape this future or adopt regulations that exclude its citizens and currency from participating in the global financial landscape.",
  "summary": "Brazilian financial market infrastructure firm CSD BR partnered with blockchain solution provider Ripple to use the XRP Ledger blockchain as an additional layer for recording and auditing financial assets, Ripple said in a Tuesday (Jan. 29) press release. The project marks the first phase of a strategic partnership that brings together CSD BR’s regulated infrastructure […] The post Ripple Expands…",
  "key_points": [
    "Brazilian firm CSD BR partners with Ripple to use XRP Ledger for asset recording and auditing.",
    "Collaboration aims to advance asset tokenization in Brazil with blockchain technology.",
    "Coinbase urges Brazilian policymakers to create regulatory framework for stablecoin market."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}