Description
BRL1 is a Brazilian Real-pegged stablecoin that maintains 1:1 parity through backing by Brazilian Public Securities indexed to the Selic rate, repurchase agreements, and reserves at regulated financial institutions. The stablecoin is supported by a consortium of leading Brazilian crypto exchanges including Mercado Bitcoin, Foxbit, Bitso, and Cainvest, providing institutional-grade security and compliance for both domestic and cross-border transactions.