BRL / yield-bearing stablecoin

Crown BRLV + BRLV Rewards program

BRLV · issued by Crown (brl.xyz). verified

not published

published yield

$72.95M

size

permissionless

can you hold it

The terms

Issuer: Crown (brl.xyz)
Jurisdiction: Brazil-focused; exact issuing entity domicile not stated in documents I read.
Chains: Base, Ethereum, Tempo
Contracts: Base 0xd2047ebdb205Ee6862b69ae9fB3501652cC97d36 explorer
Ethereum 0xd7Ca0e2C36d647446b782D1b72308E598373E2F5 explorer
Tempo 0x20c000000000000000000000F4371867AE9754ce explorer
Base (BRLV Rewards Token) 0x21cBcA668E59103d3bFbe475fF8a2d2f89ebF460 explorer
Yield basis: BRLV itself is explicitly NON-rebasing and always worth 1 BRL. Yield reaches holders only through the separate BRLV Rewards program: whitelisted wallets accrue Rewards Points on qualifying BRLV balances each Brazilian business day, and '1 Point is always redeemable for 1 BRLV or 1 BRL'. The accrual rate is not published in the whitepaper. Economic source is the same Brazilian sovereign bond reserve that drives BRLY's Threshold rate. source
Size: $72.95M source
Minimum: Not stated in the whitepaper.
Who may hold it: BRLV transfers freely, but 'Wallets must be whitelisted to earn BRLV Rewards' and 'Participation in the program is subject to Terms and Conditions'. Onboarding is institutional KYC/KYB. Blockworks and Forbes both describe the yield as being shared with institutional partners rather than retail. source
Redemption: Client transfers BRLV to the issuer's burn address; five-step process (transfer, unwrap, burn, asset liquidation, fiat transfer); assets liquidate within one business day for BRL transfer to a bank account. Rewards Points are realised via a sale transaction of the Rewards Token. source
Cost to enter: Not disclosed.
Transferability: Freely transferable. No allowlist at the token level.
Secondary liquidity: CoinGecko names Uniswap V4 on Base as the most active venue, pair BRLV/USDC, 24h volume $7,765.17 as of 2026-08-05. Pool TVL not obtained.

What we think you should know

On-chain supply 374,003,338.74 BRLV on Base; onchain market cap $72,947,855 (Basescan, 2026-08-05); 124 holders; price $0.1952. CoinGecko puts total market cap at $73.005M across Base + Ethereum, rank #325, circulating 374.003M. Earliest CoinGecko historical datapoint is 2026-07-17, so the visible market-cap history is short. Basescan flags the contract as an owner-upgradeable proxy. Crown raised $8.1M and later a $13.5M Series A led by Paradigm (December 2025, per PistachioFi write-up; Paradigm's first Brazil investment per The Block headline). Crown's stated target is R$1 trillion in 10 years (Forbes).

Sources

Other BRL instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
Etherfuse TESOURO Stablebond (tokenized Brazilian short-term sovereign debt) TESOURO	BRL	tokenized government debt	12.76%	$752.30k	permissionless	verified
Yield Bearing BRL BRLY	BRL	yield-bearing stablecoin	not published	n/d	allowlist + KYC	verified
Mercado Bitcoin Renda Fixa Digital (tokenized fixed-income program)	BRL	other	not published	n/d	not established	inferred