Brazilian Digital

BRZ is a stablecoin designed to track the value of the Brazilian Real, making it the first of its kind to peg a digital token to Brazil's national currency. It is intended for Brazilian residents who want to participate in international cryptocurrency exchanges, trade the Real against other digital assets such as Bitcoin or other stablecoins, or move funds across borders without leaving the Brazilian currency system. The project positions BRZ as a tool for Brazilians to engage with global digital-asset markets using a familiar unit of account.

BRZ is issued on a fully backed basis, meaning the project claims that every token in circulation is supported by an equivalent amount of Brazilian Reais held in reserve, and holders can redeem their tokens at a discount of 1 percent in Brazil. The token operates across multiple blockchain networks including Ethereum, BNB Chain, Solana, Avalanche, Polygon, and Algorand, giving it broad settlement reach. The underlying consensus mechanism on Ethereum is Ethash, though BRZ itself is a token layer sitting on top of those networks rather than a standalone blockchain.

The project earns a fee on redemptions, explicitly described as a 1 percent discount applied when holders convert BRZ back to Brazilian Reais in Brazil; purchases are described as occurring at 1 BRL per token. The data stored here does not include a protocol fee stream expressed in standard metrics, so no fee-based measures such as protocol revenue or fee yield are available on this site. The circulating supply stands at approximately 273,103,839 tokens against a market capitalization of roughly 52,459,060 US dollars, with essentially all supply already in circulation given a supply-issued figure of 100 percent and a dilution overhang of just 0.00076 percent.