Profile
BRL1 profile facts
BRL1 (BRL1) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Brazilian Real.
- Collateral
- Brazilian-real reserve portfolio backing BRL1 at a 1:1 target, including Brazilian federal LFT bonds, repo agreements, and cash
- Peg mechanism
- Issuer-managed mint and redemption route designed to maintain 1 BRL1 = 1 BRL through Brazilian-real backing
- Jurisdiction
- Brazil
- Proof of reserves
- Self-Reported PoR by BRL1 CONSORTIUM S.A. internally prepared and board-approved proof-of-reserves report; explicitly not independently audited. The current how-it-works footer links the October 1, 2026 report; the body still links an older April 14, 2025 report. Reserve source
- Contracts
- 1 deployment tracked across Polygon.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
BRL1 quick answers
5
What is BRL1?
BRL1 is a centralized Brazilian real stablecoin, targeting a 1:1 peg with a BRL reserve mix of Brazilian federal LFT bonds, repo agreements, and cash. The static profile records its Brazilian Real peg mechanism as: Issuer-managed mint and redemption route designed to maintain 1 BRL1 = 1 BRL through Brazilian-real backing.
Is BRL1 safe?
As of Nov 8, 2026, Pharos grades BRL1 C- (52/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs BRL1?
Pharos records BRL1's reserves as of Oct 1, 2026 as 64.4% BRL repurchase agreements, 32.3% Brazilian federal LFT government bonds, and 3.3% BRL bank-account balance at Banco XP S.A. Reserve evidence: Self-Reported PoR, latest period ending Oct 1, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can BRL1 be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem BRL1?
Under the route Pharos reviewed on May 5, 2026, customers the issuer has verified can redeem BRL1 for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
