XP Launches USDXP Stablecoin on Rayls Infrastructure

The shift toward institutional digital assets continues to accelerate, and Brazil is now taking a major step forward.

XP Inc., Brazil’s largest investment platform with more than R$2 trillion (~$400 billion) in total cients assets, has launched USDXP, a fully backed USD stablecoin issued through its digital brokerage subsidiary Clear Corretora.

The stablecoin is issued on Rayls Labs, marking an important milestone in the adoption of blockchain infrastructure by regulated financial institutions.

A Strategic Move by One of Latin America’s Largest Financial Institutions

For years, digital assets have largely been associated with crypto-native platforms and experimentation within innovation labs.

XP’s launch signals something different.

USDXP is not a proof-of-concept or a limited pilot. It is a production deployment integrated directly into the Clear platform, providing clients with simple, transparent exposure to the U.S. dollar with 24/7 trading and instant execution.

The stablecoin is fully backed 1:1 by U.S. dollars, with reserves held in accounts with international financial institutions. Governance, custody, and operational oversight remain under the responsibility of XP Inc.

This launch represents the beginning of a broader strategy by XP to develop proprietary digital currencies, potentially expanding into additional currencies such as the euro and pound in the future.

Why Infrastructure Matters

When a financial institution issues a digital asset, the underlying infrastructure becomes critical.

The technology powering the issuance determines:

• How transactions are validated and settled
  
  
• How privacy is preserved for institutional participants
  
  
• How compliance and regulatory requirements are integrated
  
  
• Whether the system can scale beyond experimentation into production
  
  

Financial institutions require infrastructure designed specifically for their operational realities.

This is exactly the role Rayls was designed to fulfill.

Built for Regulated Financial Institutions

Rayls is a privacy-preserving blockchain network purpose-built for financial institutions issuing and managing digital assets.

The network enables institutions to:

• Issue programmable digital assets
  
  
• Settle transactions securely and efficiently
  
  
• Maintain privacy where required
  
  
• Integrate with existing compliance and regulatory frameworks
  
  
• Scale digital asset operations beyond limited pilots
  
  

Unlike many blockchain environments originally designed for open retail ecosystems, Rayls was architected from the ground up with institutional requirements in mind.

This allows financial institutions to adopt blockchain technology while maintaining the control, transparency, and governance standards expected in regulated financial markets.

A Signal for the Future of Finance in Latin America

The launch of USDXP reflects a broader shift underway across global financial markets.

Stablecoins and tokenized assets are increasingly becoming part of the core infrastructure used by financial institutions to manage payments, trading, and asset exposure.

In Latin America, this transition is happening rapidly. The region has become one of the fastest-growing markets for digital asset adoption, driven by demand for more efficient financial infrastructure and cross-border financial tools.

XP’s decision to issue USDXP on Rayls signals growing institutional confidence in blockchain-based financial infrastructure.

Moving from Experimentation to Production

Institutional digital asset adoption is entering a new phase.

The question for financial institutions is no longer whether blockchain technology will play a role in financial markets, but how they will implement it.

With the launch of USDXP, XP is demonstrating how digital assets can move beyond experimentation and into real-world financial products integrated within regulated platforms.

For Rayls, this milestone reflects the core vision behind the network: providing the infrastructure financial institutions need to confidently bring digital assets into production environments.

And as more institutions begin exploring digital asset issuance, the importance of choosing the right infrastructure will only continue to grow.

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