BRL1 is a digital currency pegged 1 to 1 with the Brazilian real. It runs on the Polygon network and lets you send and receive Brazilian reais internationally in minutes, without relying on traditional banking rails.

How BRL1 keeps its value stable

BRL1 is fully backed by Brazilian real reserves held in regulated financial institutions. A consortium of exchanges, including Bitso, Mercado Bitcoin, Foxbit, and Cainvest, issues and redeems BRL1 so the total supply always matches the reserves backing it.

What you can use BRL1 for

• Trading on exchanges with Brazilian real liquidity without moving funds through a bank first.
• Sending money across borders faster and at a lower cost than a traditional bank transfer.
• Reducing your exposure to Brazilian real volatility while operating within the crypto market.

How BRL1 is different from other stablecoins

Most stablecoins are pegged to the US dollar. BRL1 is pegged directly to the Brazilian real, which makes it a more direct option for moving reais if you operate mainly within Brazil's financial system.

BRL1 currently runs only on the Polygon network. Bitso may add support for other networks in the future.

This information does not represent financial advice. Digital asset values and network fees can change, so review the details before you transact.