Among all non-dollar stablecoins, BRLA is the clear adoption outlier: its supply grew 7.5x in a year, from $4.8M to $36M, because Brazil's PIX instant-payments network gives the real a fiat on-ramp the lira and other emerging currencies lack.
Source: DIA on-chain data + external source
BRLA, Brazil's real-backed stablecoin, grew its supply from about $4.8M to $36M in a year, a 7.5x move that stands out among all non-dollar stablecoins on the map. The driver is structural: the token is wired into Brazil's PIX instant-payment system, which gives the real a frictionless fiat on-ramp that most emerging-market stablecoins do not have.
BRLA's market cap from the map's series: $4.79M (Aug 2025), dipping to $3.0M (Sep), then $3.7M (Oct), $4.5M (Nov), $3.8M (Dec), $3.8M (Jan 2026), $4.8M (Feb), then a step to $15.97M (Mar), $15.1M (Apr), $16.2M (May), $26.4M (Jun), $29.7M (Jul), $28.95M (Aug). The supply roughly tripled between February and March 2026, then stepped to a new plateau in June. Peak-to-start is about 7.5x.
Nearly every high-inflation economy's stablecoin story is the same: locals flee the local peg into USDT, so the domestic coin stays small. Turkey's TRYB and Argentina's local coins are the map's clearest cases of that. Brazil is the exception because the mechanism that drives stablecoin use there is not just a store of value. BRLA is issued and operated as a compliant, whitelist-and-mirror real token, and its growth is tied to PIX, Brazil's state-backed instant-payments network. PIX lets BRL move to and from crypto nearly instantly at low cost, so the real stablecoin works as a fiat-crypto ramp rather than a savings vehicle. Reporting puts BRLA at roughly 400 million monthly transactions by early 2026, up from near zero at the start of 2023. Avenia, the issuer formerly known as BRLA Digital, has raised about $19.8M including a $17M Series A to scale the PIX-enabled fiat-crypto conversion, cross-border payments, and treasury operations. The contrast with the map's other non-dollar coins is the point: where a credible domestic payment rail exists and a stablecoin plugs into it, the local peg grows; where inflation is the only signal, users leave it. BRLA is the rare case where the non-dollar coin is an adoption asset, not an abandoned vehicle.