Brazilian Digital

BRZ is a stablecoin designed to represent the Brazilian Real (BRL) in digital form, making it the first stablecoin backed by that currency. It is aimed at Brazilian residents who want to participate in international cryptocurrency exchanges or move and hedge exposure to the Brazilian Real across borders. The project claims that each BRZ token is fully backed by Brazilian Reais held in reserve, and holders can redeem tokens at a discount of 1 percent inside Brazil.

BRZ operates across several blockchains, including Ethereum, BNB Chain, Solana, Avalanche, Polygon, and Algorand, giving it broad reach across different ecosystems. The Ethereum-side infrastructure uses the Ethash consensus mechanism, though BRZ itself is a token that rides on top of these networks rather than securing any of them. The token's function is straightforward: it acts as a transferable digital stand-in for the Brazilian Real, redeemable through the issuer at the terms described in the project documentation.

The data stored for BRZ does not include a protocol fee stream, meaning there are no fee-based metrics such as revenue, fee yield, or fee recipients available on this page. The one fee mentioned in the project description is a 1 percent redemption discount applied when holders convert BRZ back into Brazilian Reais inside Brazil. Because there is no on-chain fee revenue recorded here, the standard fee-based measures this site calculates for other assets cannot be computed for BRZ.