BRL1Price(BRL1)
Details BRL1 (BRL1) Price information (USD)
The current real-time price of BRL1 is $0.1938. In the past 24 hours, BRL1 has traded between $0.1928 and $0.1941, showing strong market activity. The all-time high of BRL1 is $0.1953, and the all-time low is $0.1782.
From a short-term perspective, the price change of BRL1 over the past 1 hour is
BRL1 (BRL1) Market Information
BRL1 (BRL1) Today's Price
The live price of BRL1 today is $0.1938, with a current market cap of $1.096M. The 24-hour trading volume is 1M. The price of BRL1 to USD is updated in real time.
BRL1 (BRL1) Price History (USD)
What is BRL1 (BRL1)?
When is the right time to buy BRL1? Should I buy or sell BRL1 now?
Before deciding whether to buy or sell BRL1, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s BRL1 technical analysis can provide you with trading references.
Future price trend of BRL1
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for BRL1.
How much will BRL1 be worth tomorrow, next week, or next month in ? What about your BRL1 assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! BRL1 Price Prediction
How to buy BRL1 (BRL1)
Convert BRL1 to local currency
BRL1 Resources
To learn more about BRL1, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
polygon-pos | 0x10e7...ba0f02  | 4.576M | 80.89% |
polygon-pos | 0x63c9...4565c2 | 704.738K | 12.46% |
polygon-pos | 0x2d61...719bc2 | 529.133K | 9.35% |
polygon-pos | 0x2890...f6afa6 | 282.319K | 4.99% |
polygon-pos | 0x58b7...925023 | 275.347K | 4.87% |
Other | -710,582 | -12.56% |
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BRL1 (BRL1) FAQ
What is BRL1 and who is responsible for its creation?
BRL1 is a stablecoin pegged 1:1 to the Brazilian Real (BRL). It is a consortium-backed token designed to serve as a liquid infrastructure layer for the Brazilian market. Unlike tokens issued by a single entity, it is supported by a group of leading financial institutions and exchanges to ensure deep liquidity and trust across the ecosystem. This collaborative model provides a stable and reliable bridge between traditional finance and digital assets.
Is BRL1 a Central Bank Digital Currency (CBDC) like DREX?
No, BRL1 is a private stablecoin and is not a CBDC. However, the project is designed for interoperability with DREX, Brazil’s official digital currency. It also integrates with the PIX system for instant on-ramping and off-ramping, allowing users to move their funds between the traditional banking system and the blockchain with maximum efficiency.
Why would users choose BRL1 over traditional USD-pegged stablecoins?
For Brazilian users, using USD-pegged stablecoins often involves "double conversion" fees, where Reais must be converted to Dollars before purchasing crypto. BRL1 eliminates these foreign exchange spreads and extra costs by allowing users to enter the market directly with their local currency. This significantly reduces transaction friction and makes the digital asset ecosystem more accessible for domestic traders.
How is the 1:1 parity with the Real maintained and audited?
Every BRL1 token is fully backed by reserves held in regulated financial institutions. These reserves consist of cash and Brazilian Government Bonds, such as Selic-indexed bonds. To ensure transparency and security, the project provides Proof of Reserves (PoR) and undergoes monthly third-party attestations. This verifies that the total supply of tokens on-chain always matches the assets held in the bank accounts.
Which blockchain does BRL1 operate on and how can users buy or redeem it?
BRL1 was launched natively on the Polygon network due to its scalability and low transaction fees. Users can purchase the token using Brazilian Reais via PIX on supported exchange platforms. Redemptions work by sending BRL1 to a designated burn address, which triggers the deposit of the equivalent amount of fiat currency back into the user’s bank account.
How does BRL1 differ from other local stablecoins and is it compatible with DeFi?
The primary difference is the consortium model; while other local stablecoins are often issued by a single startup, BRL1 is backed by multiple major institutions, providing higher liquidity and more exit points. Furthermore, as an ERC-20 token on the Polygon network, BRL1 is fully compatible with decentralized finance (DeFi) protocols, allowing users to engage in lending, borrowing, and liquidity mining.
