Brazilian Real stablecoins (BRL)
5 stablecoins pegged to the Brazilian real, from 5 issuers. Supply is read directly from the contracts DIA verified.
FX turnover share is one side of a currency trade, so all currencies' shares sum to 200% by BIS convention. Reserve and invoicing shares are only published for a handful of currencies; a dash means that source does not break BRL out individually, not that its share is zero.
Net new BRL supply
Change in the circulating supply of the 3 of 5 BRL coins counted here, as reported by aggregated market data. Both endpoints come from that source, so the dollar figure is a statement about it, not about the onchain supply DIA reads from the contracts, which is a different measurement of the same bloc. Coins that appeared part-way through a window are excluded, so this is supply added by coins that existed throughout rather than by the arrival of new ones.
| Coin | Issuer | Peg | Backing | Onchain supply | Chains |
|---|---|---|---|---|---|
| Avenia | BRL | Cash & money-market | 187.3M BRLA |     | |
| BRZBrazilian Digital Token | Transfero | BRL | Cash & money-market | 68.5M BRZ |     |
| Ripio | BRL | Cash & money-market | 17.8M WBRL |   Polygon, Gnosis | |
| BRAtTwin Brazilian Real | Twin (formerly Num Finance) | BRL | Cash & money-market | 1.7M BRAt |  |
 BRLmMento Brazilian Real | Mento | BRL | Crypto collateral | 1.1M BRLm | |
Why this currency
Brazilian real stablecoins come from three companies and one protocol that are unrelated to each other: Transfero issues BRZ, Avenia issues BRLA, Ripio issues WBRL, and the Mento protocol mints BRLm.
Sources: Transfero, BRZ stablecoin, Avenia, BRLA, Ripio, wFIAT, Mento reserve dashboard
Market structure
Four coins, each with a different reason to exist. BRZ, from Transfero, is the oldest, launched in 2019, and the most widely deployed, with contracts listed on ten networks. BRLA is issued by Avenia, a Brazilian company that runs stablecoin treasury and payment flows across Latin America. WBRL is one of the wFIAT local currency tokens that Ripio issues across Latin America. BRLm is minted by the Mento protocol, and its backing is worth stating precisely. Mento's reserve dashboard counts BRLm among 12 stablecoins backed by the Mento Reserve, while GBPm, JPYm and CHFm are borrowed against Mento's dollar unit in collateralised debt positions. On 3 October 2026 the Reserve held $21.0 million: 59.9% dollar stablecoins, 10.4% euro stablecoins and 29.7% volatile assets (CELO, stETH and ETH). No reais appear in that reserve.
The ticker does not tell you which of these four models you are holding.
Sources: Transfero, BRZ stablecoin, Avenia, BRLA, Ripio, wFIAT, Mento protocol documentation, the Reserve, Mento protocol documentation, collateralized debt positions, Mento reserve dashboard
Regulation
Brazil regulates the businesses that hold and move stablecoins, and it treats many stablecoin transfers as foreign exchange. The Banco Central do Brasil published Resolutions 519, 520 and 521 on 10 November 2025. Resolution 520 sets the rules for virtual asset service providers, covering intermediation, custody and brokerage. Resolution 521 brings those providers into the foreign exchange market, including the purchase, sale or exchange of virtual assets referenced in a fiat currency.
Most provisions took effect on 2 February 2026. The duty to collect and report information on international payments and transfers with virtual assets started on 4 May 2026.
Sources: Banco Central do Brasil, regulation of virtual asset service providers, November 2025, Resolução BCB nº 520, de 10 de novembro de 2025, Resolução BCB nº 521, de 10 de novembro de 2025
Common questions
BRZ, from Transfero, is the oldest, launched in 2019, and the most widely deployed, with contracts listed on ten networks. The other Brazilian real stablecoins are BRLA from Avenia, WBRL from Ripio and BRLm, minted by the Mento protocol.
Some are and some are not, and the ticker does not tell you. Transfero, Avenia and Ripio state that BRZ, BRLA and WBRL are backed by reais. BRLm is not: Mento's dashboard counts it against the Mento Reserve, which on 3 October 2026 held dollar and euro stablecoins plus CELO, stETH and ETH, and no reais.