BRL1

BRL1 is a fully backed Brazilian Real (R$) stablecoin developed by Mercado Bitcoin, Foxbit, Bitso, and Cainvest to provide a secure, transparent, and efficient on-chain solution tailored for Brazil’s financial ecosystem. Pegged 1:1 to the BRL, it enables seamless liquidity flows between exchanges and reduces reliance on foreign currency conversions, extending the efficiency of payment systems like PIX into the decentralized realm. By offering rapid, low-cost transactions and institutional-grade safeguards, BRL1 aims to enhance financial inclusivity, resilience, and integration between the crypto market and traditional financial industry.