---
title: "Brazilian Digital (BRZ) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/brz-transfero/"
description: "Build-time stablecoin profile for Brazilian Digital (BRZ). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Brazilian Digital (BRZ)

**Peg:** Brazilian Real

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

BRZ is Transfero's centralized Brazilian real stablecoin, redeemable 1:1 by KYC'd users against BRL cash held in regulated {{term:custody}}custody{{/term}} at a Brazilian institution — its depeg history is FX volatility, not reserve failure. The dozens of recorded depeg events, including swings approaching 10,000 basis points below peg, are not evidence of product failure but of what happens when you peg a token to the Brazilian real and price it against dollar-denominated markets. The D safety grade is largely a function of that FX-driven peg volatility rather than reserve inadequacy, since BRZ is backed 100% by BRL cash at a Central Bank of Brazil-authorized institution with Swiss VQF registration. The exit story has improved but remains the binding constraint: DEX depth now scores in the C range rather than the basement, yet a 1% {{term:redemption}}redemption{{/term}} fee through Transfero's offchain issuer path still means the cleanest way out of any sizable position is the issuer window, not the secondary market. Deployed across multiple chains with hundreds of millions of reais in circulation, BRZ serves a genuine need in Latin America's largest crypto market — and while it tends to sit at the calm end of the stress scale day to day, thin-by-major-stablecoin-standards liquidity and the underlying FX exposure are a standing reminder that non-USD stablecoins carry risks no reserve structure can hedge away.

## Collateral

Brazilian real (BRL) cash reserves held at a financial institution authorized by the Central Bank of Brazil

## Peg Mechanism

1:1 mint and redemption at Transfero for BRL; KYC verification required; redemption incurs a 1% fee in Brazil

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Switzerland | FINMA | VQF |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x01d33fd36ec67c6ada32cf36b31e88ee190b1839` | 18 |
| polygon | `0x4ed141110f6eeeaba9a1df36d8c26f684d2475dc` | 18 |
| bsc | `0x71be881e9c5d4465b3fff61e89c6f3651e69b5bb` | 4 |
| gnosis | `0x0a06c8354a6cc1a07549a38701eac205942e3ac6` | 18 |
| base | `0xe9185ee218cae427af7b9764a011bb89fea761b4` | 18 |
| optimism | `0xe9185ee218cae427af7b9764a011bb89fea761b4` | 18 |
| arbitrum | `0xa8940698fda5a07abaef4a5ccdf2f1bb525b47a2` | 18 |
| avalanche | `0x491a4eb4f1fc3bff8e1d2fc856a6a46663ad556f` | 4 |
| solana | `FtgGSFADXBtroxq8VCausXRr2of47QBf5AS1NtZCu4GD` | 4 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/brz-transfero.