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Summary of Brazilian Digital Token
- Type: ERC-20 token
- Blockchain: Ethereum
- Peg: 1:1 to Brazilian Real
- Price stability: Maintained by market agents based on reserves held by reserve managers
- Audit: Issuance of new tokens with underlying reserves will be audited by a reputable third-party firm
Introducing the Brazilian Digital Token: A New Era of Innovation
The BRZ is an ERC-20 token constructed atop the Ethereum blockchain, specifically designed to maintain a 1:1 parity with the Brazilian Real. As stated on their website, price stability is ensured by market agents based on the reserves held by the reserve managers, while the issuance of new tokens, backed by the underlying reserves, will undergo auditing by a reputable third-party firm.