BRZ is the leading stablecoin pegged to the Brazilian real. Created by Transfero in 2019, it was the first stablecoin backed by Brazilian reais and is now used by companies, financial institutions, and platforms for payments, financial settlement, and digital asset operations.
As a stablecoin, BRZ combines the stability of the Brazilian real with the efficiency of blockchain technology, allowing value to move across different networks without the price volatility associated with some cryptocurrencies.
In this guide, you will learn what a stablecoin is, how BRZ works, how its peg is maintained, which blockchains support it, its main use cases, and why it has become the leading stablecoin pegged to the Brazilian real.
What is a stablecoin?
Stablecoins are digital assets designed to track the value of a reference asset, usually a fiat currency such as the US dollar or Brazilian real. Unlike cryptocurrencies such as bitcoin and ether, they aim to maintain a stable price, making them suitable for payments, financial settlement, transfers, and other transactions.
BRZ belongs to this category. Each token maintains a 1 BRZ = R$1 relationship, allowing it to represent the Brazilian real across different blockchain networks. This enables companies and users to benefit from blockchain technology without giving up the stability of the Brazilian currency.
What is BRZ?
BRZ is a stablecoin issued by Transfero that digitally represents the Brazilian real on blockchain networks.
Its main purpose is to enable companies, financial institutions, and investors to use the Brazilian real within an interoperable infrastructure that is continuously available and connected to the global digital asset ecosystem.
In practice, BRZ can be used for payments, financial settlement, digital asset trading, international remittances, and applications within decentralized finance (DeFi) protocols.
Since its launch, it has become the leading stablecoin pegged to the Brazilian real and one of the most relevant stablecoins issued in emerging markets.
According to Fintrender's 10+ BRL Stablecoins report, cited by Poder360, the Brazilian market has more than ten stablecoins pegged to the real, with a combined market capitalization of more than R$720 million. In this market, BRZ remains the leading asset and accounts for 3.4% of all stablecoin volume reported to Brazil's Federal Revenue Service, behind only the leading dollar-pegged stablecoins, according to data published by InfoMoney.
In addition to adoption by exchanges and investors, BRZ is also part of the financial infrastructure used by companies to connect payments, financial settlement, foreign exchange, and digital assets within a single operation.
How does it work?
BRZ works as a digital representation of the Brazilian real on blockchain networks. Each token is equivalent to R$1 and can move across different platforms while maintaining its value reference.
This makes it possible to use the Brazilian real on exchanges, payment platforms, DeFi protocols, and other blockchain-based applications without relying on the banking system for every transaction.
While the underlying funds remain connected to the traditional financial system, their digital representation moves across blockchain networks, allowing payments, financial settlement, digital asset trading, and decentralized applications to be integrated into a single operational flow.
This model simplifies the movement of funds between the traditional financial system and the digital economy, reducing steps and increasing operational efficiency.
As a result, BRZ is used by both investors and companies developing financial products, payment platforms, exchanges, and other blockchain-based solutions.
How does BRZ maintain its peg to the Brazilian real?
BRZ's stability results from a combination of financial, technological, and operational mechanisms designed to preserve its equivalence with the Brazilian real. These mechanisms include reserve management, controlled token issuance, and a governance structure focused on security and regulatory compliance.
BRL-backed reserves
Each BRZ issued is backed by a corresponding amount of Brazilian reais held in reserve. This model ensures that the number of tokens in circulation remains consistent with the funds supporting the asset, preserving the 1 BRZ = R$1 relationship.
Issuance and redemption
The amount of BRZ in circulation follows demand for the asset. New tokens are issued only when equivalent funds are available to back their creation, and tokens can be removed from circulation through redemption, maintaining a balance between supply and reserves.
Governance
In addition to reserves and controlled issuance, BRZ has governance mechanisms designed to strengthen operational security and regulatory compliance. These include reserve management, smart contracts responsible for issuing and redeeming tokens, customer identification processes (KYC), anti-money laundering (AML) controls, and continuous transaction monitoring.
Together, these mechanisms allow BRZ to be used by companies and financial institutions that need to incorporate digital assets into their operations with predictability, security, and regulatory compliance.
Which blockchains support BRZ?
One of BRZ's key differentiators is its multichain architecture. Rather than being limited to a single network, the token is available across multiple blockchains, allowing companies and developers to choose the infrastructure that best suits each use case:
Ethereum
Solana
Polygon
Base
Avalanche
Stellar
Algorand
BNB Chain
RSK Network
Each blockchain has its own characteristics in terms of transaction costs, processing speed, liquidity, and compatibility with decentralized applications.
This architecture expands BRZ's interoperability and makes it easier to integrate with DeFi protocols, digital wallets, payment platforms, exchanges, and other financial solutions. As a result, companies can use the same asset across different ecosystems without being restricted to a single network.
Why do companies use BRZ?
As digital assets become increasingly integrated into the global financial infrastructure, companies are looking for more efficient ways to connect payments, foreign exchange, financial settlement, and digital assets.
In this context, stablecoins are no longer used only by investors. They now play a strategic role in the operations of fintechs, exchanges, financial institutions, and technology companies.
According to a study by Iporanga Ventures, cited by Times Brasil, the volume of Brazilian-real-pegged stablecoins used by companies increased from US$1 billion in 2024 to more than US$4 billion in 2025, while institutional use already accounts for the majority of these transactions.
In this context, BRZ enables companies to incorporate the Brazilian real into blockchain-based applications, reducing steps in certain financial flows and strengthening the connection between traditional systems and digital applications.
For companies developing financial products, payment solutions, or digital asset operations, this means greater flexibility to offer services in Brazilian reais, automate processes, and incorporate the Brazilian real into new digital asset-based business models without giving up the efficiency of blockchain technology.
How investors use BRZ
In addition to digital asset trading, BRZ is also used to preserve value, access decentralized finance (DeFi) protocols, and move funds across blockchain-based applications.
Digital asset trading
One of the best-known applications of BRZ is its use as a trading pair on exchanges.
Because it maintains a reference to the Brazilian real, investors can buy and sell digital assets without, in certain transactions, having to convert to dollar-pegged stablecoins. This simplifies portfolio management and reduces the number of steps involved in different trading strategies.
Protection against volatility
During periods of greater market instability, investors commonly move part of their holdings into stablecoins while reassessing their strategy.
BRZ allows investors to make this move while maintaining exposure to the Brazilian real, without having to convert their funds into fiat currency or use dollar-backed stablecoins. This makes it easier to manage portfolios within the blockchain ecosystem.
Decentralized finance (DeFi)
Available across multiple blockchains, BRZ can also be used in DeFi ecosystem protocols, including:
liquidity pools;
decentralized lending;
yield protocols;
swaps between digital assets;
Web3 applications.
This flexibility provides access to different protocols while maintaining a reference to the Brazilian real throughout the transaction.
How companies use BRZ
In addition to serving investors, BRZ is also part of the infrastructure used by companies operating with payments, digital assets, and financial services.
Payments and settlement
Financial institutions, fintechs, infrastructure providers, and technology companies use BRZ to integrate payments and settlement processes into their operations.
By representing the Brazilian real on blockchain networks, the token simplifies the movement of reais between financial systems and digital applications, reducing intermediate conversions and enabling greater automation through APIs and smart contracts.
It can also be integrated into digital wallets, financial platforms, and Web3 applications, with continuous availability.
International payments and foreign exchange
BRZ can also be used in international flows involving amounts denominated in Brazilian reais.
When integrated into blockchain-based solutions, it can help reduce intermediaries, accelerate settlement, and simplify transactions between different countries, always in compliance with applicable regulations.
Remittances to Brazil
Companies that process international remittances can use BRZ to optimize the settlement of funds destined for Brazil, increasing process efficiency.
By integrating the token into the operational flow, companies can reduce steps, increase transaction availability, and simplify the connection between traditional financial systems and blockchain-based applications.
Infrastructure for financial products
Beyond its use as a digital asset, BRZ can also be integrated into financial products.
Fintechs, exchanges, financial institutions, and technology companies use the token to incorporate Brazilian-real-denominated operations into digital accounts, wallets, payment solutions, trading platforms, and blockchain-based applications without having to build their own infrastructure to represent the currency in a digital environment.
BRZ vs. Drex: what is the difference?
Although both represent the Brazilian real in digital form, BRZ and Drex have different purposes and operating models.
BRZ is a private stablecoin issued by Transfero and used on public blockchains. Its purpose is to enable the use of the Brazilian real in the digital economy, supporting payments, financial settlement, asset trading, and integration with decentralized applications.
Drex, on the other hand, is the official digital currency being developed by the Central Bank of Brazil (CBDC). Its focus is to support the modernization of Brazil's National Financial System, enabling use cases such as asset tokenization, settlement between financial institutions, and new regulated services.
The main differences are:
Feature | BRZ | Drex |
Issuer | Transfero | Central Bank of Brazil |
Category | Stablecoin | CBDC |
Infrastructure | Public blockchains | Permissioned network |
Main purpose | Represent the Brazilian real digitally | Modernize the national financial system |
Main applications | Payments, settlement, DeFi, exchanges, and Web3 | Asset tokenization and settlement between institutions |
Although they use similar technologies, BRZ and Drex do not compete with each other. Each serves different needs and can play complementary roles in the development of the digital financial ecosystem.
BRZ vs. USDT and USDC
Another common comparison is between BRZ and major dollar-pegged stablecoins such as USDT and USDC.
Although they belong to the same category of digital assets, the main difference lies in the currency used as their reference.
Feature | BRZ | USDT | USDC |
Reference currency | Brazilian real (BRL) | US dollar (USD) | US dollar (USD) |
Issuer | Transfero | Tether | Circle |
Currency exposure | Brazilian real | US dollar | US dollar |
Main audience in Brazil | Companies and investors operating in Brazilian reais | Global market | Global market |
This difference influences how companies and investors use these assets.
While USDT and USDC provide exposure to the US dollar, BRZ enables transactions while maintaining the Brazilian real as the reference currency. This reduces the need for foreign exchange conversions in certain financial flows and simplifies operations for companies and investors primarily operating in Brazilian reais.
In addition, BRZ can be integrated into payments, financial settlement, and blockchain-based applications without changing the currency reference of the operation.
Is BRZ safe?
The security of a stablecoin depends on factors beyond the technology it uses.
In the case of BRZ, its stability is supported by financial mechanisms, operational controls, and governance processes that work together to preserve its equivalence with the Brazilian real.
The token also benefits from the transparency of the blockchain networks on which it is available. All transactions are recorded publicly and can be traced, while smart contracts execute predefined rules for token issuance and redemption.
Another important factor is its availability on established blockchain networks, which provide robust mechanisms for transaction validation, consensus, and high availability.
This combination of reserves, controlled issuance, governance, and technological infrastructure makes BRZ a solution for companies looking to incorporate digital assets into their products and financial operations with security, predictability, and regulatory compliance.
Where to buy BRZ
BRZ is available on different platforms, including centralized exchanges (CEXs), decentralized exchanges (DEXs), and solutions developed by Transfero.
After purchasing BRZ, tokens can remain on the platform used or be transferred to a wallet compatible with the selected blockchain.
Before making any transaction, confirm that the platform supports the desired network and verify the token's official contract address to avoid incompatibilities or sending funds to incorrect addresses.
BRZ: connecting the Brazilian real to the digital economy
BRZ expands the possibilities for using the Brazilian real in the digital economy. Companies can integrate payments, financial settlement, and digital assets without giving up the reference to the local currency.
Contact our sales team to learn how to integrate BRZ into your operation and develop financial solutions based on the leading stablecoin pegged to the Brazilian real.
