4 stablecoins pegged to the Brazilian real, from 4 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.
Change in the DeFiLlama circulating supply of the 3 of 4 BRL coins counted here. 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 | Type | Onchain supply | Chains |
|---|---|---|---|---|---|
| BRZBrazilian Digital Token | Transfero | BRL | Fiat-backed (non-USD) | 270.7M BRZ | |
| BRLA Digital | BRL | Fiat-backed (non-USD) | 127.8M BRLA | ||
| Ripio | BRL | Fiat-backed (non-USD) | 6.4M WBRL | ||
| Mento | BRL | Crypto-backed | 1.1M BRLm |
Brazil has the deepest local currency stablecoin market outside Europe, and the only one in Latin America where unrelated issuers genuinely compete. That depth comes from a large domestic crypto user base and from real demand to hold and move reais onchain rather than only to pass through them on the way to dollars.
It is also the currency where the multi chain problem on this map is most acute, and where DIA changed how it reports supply as a result.
Sources: Transfero BRZ, Ripio
Four coins from four unrelated issuers, each with a different reason to exist. BRZ, from Transfero, is the oldest and the most widely deployed. BRLA comes from a Brazilian payments business. WBRL is Ripio's exchange rail, one of a set of wrapped local currency tokens that follow its footprint across the region. BRLm comes from Mento's multi currency protocol, and its backing is worth stating precisely. Mento runs a reserve holding other issuers' fiat backed stablecoins behind its dollar and euro units, and separately a collateralised debt position system in which a currency token is borrowed against the dollar unit. When DIA read Mento's reserve dashboard on 5 August 2026, BRLm was not one of the borrowed markets, so a Mento real is a claim on that reserve of other issuers' stablecoins. No reais appear anywhere in that chain.
Those are four genuinely different answers to what a real onchain should be, and the ticker does not tell you which one you are holding. An exchange rail, a payments token, a protocol token standing on other issuers' stablecoins and a long running independent issuer behave differently under stress, and only some of them have an offchain balance that an outside party could in principle count.
Sources: Transfero BRZ, Ripio, Mento protocol documentation, collateralized debt positions, Mento protocol documentation, the Reserve, Mento reserve dashboard
BRZ is the reason DIA reports per chain supply rather than a single total across this map.
The token is deployed on many chains and moves between several of them through a bridge its issuer operates and publishes the code for. Summing the contract balances would count the same reais more than once, so DIA reports per chain and withholds a cross chain total where the bridge topology makes that total meaningless.
That is a smaller claim than a headline number and it is the one that survives scrutiny. On the reserve side, DIA records the date on the most recent document an issuer has actually published, not the cadence the issuer describes, which for some Brazilian coins is a meaningful difference.
Sources: brz-token-bridge repository, Transfero transparency report, stamped 2024-03-31
BRZ, issued by Transfero, is the oldest and the most widely deployed. Brazil is the deepest local currency market outside Europe and the only one in Latin America where unrelated issuers genuinely compete, so BRZ is the largest of a real field rather than the only option.
Some are and some are not, and the ticker does not tell you. BRLm is not fiat backed: Mento's documentation reserves that model for its dollar and euro units, and its other currency tokens are borrowed against the dollar unit inside a collateralised debt position system. Only the fiat backed coins have an offchain balance that an outside party could count, so only they can carry a reserve examination at all.
Because BRZ moves between chains through a bridge its issuer operates, so adding the contract balances together would count the same reais more than once. DIA reports the legs it reads separately and withholds a cross chain total wherever the bridge topology makes one meaningless.