As exchanges Name, Foxbit and Mercado Bitcoin (MB), next to theCainvestinternational liquidity provider, announce the launch on the market of theBRL1, a stablecoin pegged to the 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 a unique consortium among 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 main players in the sector
To make the integration even smoother, as exchanges do consórcio listarão a BRL1 no par BRL1/BRL sem taxas de transação, 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 transacting reais in the national crypto market. Furthermore, Cainvest will increase 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 the time of the 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 used efficiently for both transfers between exchanges and for applications in DeFi protocols and other solutions in the crypto ecosystem
BRL1 is fully backed by reais and Brazilian government bonds, ensuring total transparency and stability for its holders. Custody and tokenization are secured by Fireblocks, global reference in security for digital assets, while Pinheiro Neto Advogados acts as legal advisor for the project, ensuring regulatory compliance and robust governance
"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 the integration of these two fronts. Our goal is to drive adoption and strengthen the sector's infrastructure, contributing to a more accessible and reliable environment, says Ricardo Dantas, CEO of Foxbit
"A BRL1 visa to build a more integrated and accessible digital asset market for Brazilians and global investors", offering a stable digital asset, safe and with guaranteed liquidity, perfect for international transactions and for those seeking investments with confidence and solidity, highlights Charles Aboulafia, CEO of Cainvest
With an innovative model of profitability distribution, 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 of R$ 100 million in the first year
Stablecoins are gaining more and more prominence in the current financial landscape, 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 the advancement in crypto regulation and the massive adoption of payment technologies like PIX, now with a strong stablecoin pegged to the real and backed by the largest crypto companies in the country, reaching 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 boost financial innovation in the country, complements Bárbara Espir, Country Manager of Bitso in Brazil
In addition to the partnerships already announced, the BRL1 Consortium is in negotiations 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", Aboulafia states.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 pegged to the real
