Stablecoin information
BRL1 is a stablecoin pegged 1:1 to the Brazilian Real, issued by the BRL1 consortium (Mercado Bitcoin, Foxbit, Bitso and Cainvest) and backed by reserves of Brazilian government bonds held at financial institutions, with periodic external proof-of-reserves reports.
Category:fiat-backed
Minting and Redemption
BRL1 is minted and burned by the consortium for qualified institutional clients, 1:1 against Brazilian Reais, through API or web integration. Other users buy and sell BRL1 on partner exchanges such as Mercado Bitcoin, Bitso, Foxbit, Kraken and OKX.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | 17.73m | |||||
| 100% | 255,291.96 |