BRLA Digital BRLA

BRLA Digital BRLA

BRLA #576 DANGER
Stablecoin Watch
DANGER
BRLA Digital BRLABRLA
Market Cap$34258457
24hr Volume$209958
24hr Change-0.4%
Price$0.19157614176210952
DANGER Critical Issues Detected

This coin has triggered a critical safety failure. Do not buy, swap, or interact with this token.

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BRLA BRLA Digital BRLA Details
Type
Stablecoin
Launched
2021
HQ
São Paulo, Brazil
Team
Anonymous
StablecoinsPolygon EcosystemGnosis Chain EcosystemCelo EcosystemMoonbeam Ecosystem

BRLA Digital provides a BRL-pegged stablecoin designed for cross-border transactions aimed primarily at B2B clients. The BRLA token is characterized as the only audited BRL stablecoin, facilitating secure and efficient payment solutions for businesses.

The use of the BRLA token enables companies to optimize their financial operations while minimizing transaction costs. This process is structured within a compliant framework, enhancing the reliability of on/off ramps for users engaging in cross-border financial activities.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Peg stability score 8 out of 100. The project currently shows significant issues with its peg, as the stablecoin is priced at $0.2026, deviating considerably from the expected $1 peg. This depegging raises concerns about the stability and reliability of the asset, suggesting challenges in maintaining its intended value in the market.

Inherent crypto risk for BRLA Digital BRLA remains high due to its current rating of F and the noted depegging. Investors should approach this asset with caution, as it may not provide the stability typically associated with stablecoins. Always be aware of the volatility that can come with crypto assets, even those designed to maintain a stable value.

  • Unknown 2023-06-15 pass
    Audit report not publicly available.
  • exploit 2023-06-15
    A reported exploit in mid-2023 led the development team to conduct a thorough audit of their codebase, patch vulnerabilities, and initiate a bug bounty program to incentivize community members to identify potential issues proactively.
  • Fully collateralized
  • Compliant by design
  • Integrates with local payment systems like PIX
  • Multi-chain issuance on EVM-compatible networks
  • Stablecoin has depegged from its target
  • Regulatory scrutiny over compliance

Price Chart

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85%
Profile Status
Data completeness
Some data missing
Medium confidence

Market Stats

All-Time High$0.20
All-Time Low$0.0757
Circulating178928226
Total Supply178928226

Recent News

BRLA becomes the largest stablecoin pegged to the Real in trading volume

general 1 source 1 year, 8 months ago

BRLA Digital BRLA Price, BRLA Price, Live Charts, and Marketcap - Coinbase Brazil

general 1 source 1 year, 8 months ago

About BRLA Digital BRLA

general 1 source 1 year, 8 months ago

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BRLA Digital BRLA GitHub