Brazilian Digital(BRZ)

Overview

Brazilian Digital (BRZ) is a stablecoin pegged to the Brazilian real (BRL), described as one of the first stablecoins backed by that currency. Each BRZ is designed to correspond to one Brazilian real, with issuance intended to be supported by reserves held against the tokens in circulation.

BRZ has been presented as a way for users in Brazil to access real-denominated value on international exchanges and to trade against pairs such as Bitcoin, other stablecoins, and various token classes. The issuer describes purchase at 1 BRL per token and a redemption process in Brazil subject to a stated fee, and current terms and reserve details should be verified through official documentation.