Crown BRLV

Crown BRLV is a stablecoin designed to track the value of the Brazilian Real, backed one-to-one by Brazilian government bonds and deployed on the Base blockchain. It targets payments, decentralized finance integrations, and institutional treasury management for users and organizations that need exposure to Brazilian Real-denominated value on-chain. Unlike stablecoins that adjust their token supply to reflect yield, BRLV keeps its token count fixed relative to deposits, which the project says makes it straightforwardly compatible with standard decentralized exchange and lending infrastructure.

BRLV is an ERC-20 token living on the Base network, and each token is backed by Brazilian government bonds held in a bankruptcy-remote structure under Brazilian fiduciary assignment law, a legal arrangement the project states is intended to protect holders' claims to the underlying collateral. Because the token does not rebase, yield generated by the bond reserves accrues at a separate collateral layer called BRLY rather than by expanding the BRLV supply, and holders who qualify as primary holders can claim that surplus in BRLV through an off-chain-computed rewards mechanism. No consensus algorithm or block time is recorded for this asset, as it is a token on an existing host chain rather than a standalone network.

The data stored for BRLV does not include a fee stream, meaning there are no protocol fee figures available on this site for this asset. The yield from the underlying government bond reserves accrues at the collateral layer and is redistributed to qualifying primary holders via the rewards-claiming mechanic rather than flowing to a protocol treasury in a way that would generate conventional fee metrics. The fully diluted valuation equals the market capitalization, the ratio is 1.0 at this point in time, reflecting the fact that 100 percent of supply is already in circulation and no additional dilution overhang exists.