As exchanges Bitso, Foxbit, and Mercado Bitcoin (MB), alongside Cainvest, an international liquidity provider, announce the launch in the market of BRL1, a stablecoin paired to the Brazilian real initially created to eliminate barriers in the movement of values in reais between national and international exchanges making the Brazilian market much more liquid and attractive. Developed in an unprecedented consortium between the four companies, BRL1 arrives as the most efficient and accessible way to transfer reais between crypto platforms in Brazil and abroad, offering speed, liquidity, and integration among the industry’s key players.
To make integration even smoother, the consortium exchanges will list BRL1 in the BRL1/BRL pair without transaction fees, ensuring free conversions between the stablecoin and the real. This will allow customers to operate between exchanges without additional costs, encouraging the adoption of BRL1 as the main means of moving reais in the national crypto market. In addition, Cainvest will enhance liquidity through RFQ (Request for Quote) between BRL1-USDT and BRL1-USDC, allowing direct conversion between dollar-backed stablecoins within the platform, quickly and efficiently.
At launch, BRL1 will be operating on the Polygon blockchain, chosen for its scalability and low transaction costs. The network will allow the stablecoin to be efficiently used for transfers between exchanges as well as for applications in DeFi protocols and other crypto ecosystem solutions.
The BRL1 is fully pegged in reais and Brazilian government securities, guaranteeing total transparency and stability for its holders. Custody and tokenization are ensured by Fireblocks, a global reference in security for digital assets, while Pinheiro Neto Advogados acts as legal advisor to the project, ensuring regulatory compliance and robust governance.
“The BRL1 is not just another stablecoin, but rather an infrastructure solution for the Brazilian market. By allowing direct transfers between exchanges, without friction, we are creating a more efficient and integrated ecosystem for all participants,” says Fabrício Tota, VP of New Business at Mercado Bitcoin.
“The creation of BRL1 is a milestone for the Brazilian crypto market, bringing more security and efficiency to transactions. In a scenario where there are still challenges and frictions between the crypto ecosystem and the traditional financial system, this stablecoin emerges as a catalyst for integrating these two fronts. Our goal is to boost adoption and strengthen the sector’s infrastructure, contributing to a more accessible and reliable environment,” says Ricardo Dantas, CEO of Foxbit.
“BRL1 aims to build a more integrated and accessible digital asset market for Brazilians and global investors, offering a stable, secure, and liquid digital asset, perfect for international transactions and for those seeking investments with trust and solidity,” highlights Charles Aboulafia, CEO of Cainvest.
With an innovative profitability distribution model, BRL1 also creates new opportunities for exchanges and institutional partners. The expectation is that the volume issued in 2025 will exceed R$ 50 million, with growth potential to R$ 100 million in the first year.
“Stablecoins are gaining more and more prominence in the current financial scenario, standing out as the most efficient alternative for international investments and payments, both for end users and for companies operating in different countries. Brazil, which is already a global reference for advancements in crypto regulation and massive adoption of payment technologies like PIX, now with a strong stablecoin paired to the real and supported by the largest crypto companies in the country, reaches a new level in terms of development opportunities for our national market. We are very happy and proud to join forces to make BRL1 available to the entire ecosystem. This is an essential step to democratize access to the crypto market and drive financial innovation in the country”, adds Bárbara Espir, Bitso’s Country Manager in Brazil.
In addition to the partnerships already announced, the BRL1 Consortium continues to negotiate with other global exchanges interested in listing the stablecoin, further expanding its adoption and liquidity in the international market. “This movement demonstrates that there is a real demand for an efficient stablecoin aligned with the needs of the Brazilian market,” says Aboulafia. The goal is to strengthen the presence of BRL1 on strategic platforms, facilitating its use in different jurisdictions and consolidating it as a reference among digital assets paired to the real.
