- Banco Braza brings its real-backed BBRL stablecoin to Polygon for faster, lower-cost transactions.
- The regulated token supports payments, FX transfers, and business settlements on-chain.
- Brazil deepens blockchain adoption as stablecoins evolve into core payment infrastructure.
Brazil’s foreign exchange banking sector is moving deeper into blockchain-based finance. Banco Braza, one of the country’s major FX banks, has launched its Brazilian real-backed stablecoin, BBRL, on Polygon, bringing the digital real to a faster and lower-cost blockchain network.
Polygon co-founder Sandeep Nailwal said the move is another step toward moving payments and financial activity fully on-chain.
Regulated Real on the Blockchain
BBRL is a digital token pegged 1:1 to the Brazilian Real. Each token is fully backed by fiat reserves held off-chain, keeping its value aligned with the national currency.
Importantly, the stablecoin is audited and issued by an institution regulated by the Central Bank of Brazil. This places it within the country’s formal financial system rather than outside it.
Unlike volatile cryptocurrencies, BBRL is built for everyday financial use. It focuses on payments, settlements, cross-border transfers, and business transactions rather than speculation.
By launching a regulated real-backed stablecoin, Brazil is further connecting traditional banking with blockchain technology in a structured and compliant way.
Why Polygon?
The integration brings BBRL to Polygon, a network known for lower fees and faster transactions than many main blockchains.
For individuals, this means quicker and cheaper transfers. For businesses, especially those handling cross-border payments, it offers a more efficient alternative to traditional banking systems.
On Polygon’s side, the partnership strengthens its role as infrastructure for payment-focused blockchain apps, particularly in emerging markets. Polygon Labs CEO Marc Boiron has said that fiat-backed stablecoins are becoming essential infrastructure for global commerce.
In that sense, BBRL aligns with the growing trend of regulated digital currencies running on public blockchains.
Braza Group’s Long-Term Strategy
The expansion was announced by Grupo Braza, a company focused on digital finance and foreign exchange services.
According to André Zachary, the group’s crypto director, the long-term goal is to connect the digital Brazilian real to major blockchain networks and gradually move more foreign exchange activity on-chain.
BBRL has been available since 2025 to both institutions and retail users. So far, it has mainly supported international transfers, investment transactions, and business payments, with a focus on building enough liquidity to operate reliably at scale.
With its move to Polygon, BBRL is no longer limited to one blockchain. It now has greater interoperability, stronger liquidity potential, and improved efficiency for on-chain finance.
Brazil’s Crypto-Friendly Environment
Brazil’s clearer crypto regulations in recent years have allowed banks to test blockchain-based products under regulatory supervision. This clarity has reduced uncertainty while still encouraging innovation.
As a result, Brazil has become one of Latin America’s more structured crypto markets, where traditional financial institutions are increasingly comfortable launching digital asset products.
Related: Bank of Korea Urges Bank-Only Stablecoins to Prevent Money Laundering
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Source: https://coinedition.com/brazils-digital-real-expands-on-chain-with-bbrl-on-polygon/