As exchanges Bitso, Foxbit and Mercado Bitcoin (MB),next to theCainvest,international liquidity provider, announce the market launch ofBRL1, a stablecoin paired with 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 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 between the main players in the sector.
To make the integration even more fluid, the consortium’s exchanges will list BRL1 in the BRL1/BRL pair with no transaction fees, ensuring free conversions between the stablecoin and the real. This will allow customers to trade between exchanges at no additional cost, encouraging the adoption of BRL1 as the main means of moving reais in the national crypto market. In addition, Cainvest will expand 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 used efficiently for both transfers between exchanges and for applications in DeFi protocols and other solutions in the crypto ecosystem.
BRL1 is backed entirely by Brazilian reais and government bonds, ensuring full 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.
“BRL1 is not just another stablecoin, but rather an infrastructure solution for the Brazilian market. By enabling frictionless direct transfers between exchanges, 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.
“BRL1 aims to build a more integrated and accessible digital asset market for Brazilians and global investors, offering a stable, secure digital asset 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 profitability distribution model, BRL1 also creates new opportunities for exchanges and institutional partners. The volume issued in 2025 is expected to exceed R$50 million, with potential growth to R$100 million in the first year.
“Stablecoins are increasingly gaining 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 advances in crypto regulation and the massive adoption of payment technologies such as PIX, now with a strong stablecoin pegged 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 towards democratizing access to the crypto market and boosting financial innovation in the country”, adds Bárbara Espir, Bitso Country Manager in Brazil.
In addition to the partnerships already announced, the BRL1 Consortium is still negotiating with other global exchanges interested in listing the stablecoin, further expanding its adoption and liquidity in the international market. “This move shows 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 BRL1’s presence on strategic platforms, facilitating its use in different jurisdictions and consolidating it as a reference among digital assets pegged to the real.
