Brazil’s Banco Braza has expanded its Brazilian Real backed stablecoin, BBRL, to the Polygon network. The move marks a major step in bringing regulated BRL stablecoins to a widely used public blockchain.
The São Paulo based foreign exchange bank first introduced BBRL as a digital payment solution backed 1:1 by the Brazilian Real. Initially, the token launched on the XRP Ledger. Now, by deploying BBRL on Polygon, Banco Braza aims to reach a broader audience and support faster, lower cost transactions.
Why Banco Braza Chose Polygon
Polygon operates as an Ethereum compatible layer 2 network. It focuses on low fees and quick transaction speeds. Therefore, it offers an ideal environment for stablecoins designed for daily use.
With this expansion, BBRL users can benefit from:
- Lower transaction costs compared to many mainnet networks
- Faster settlement times for peer to peer transfers
- Greater access to decentralized finance applications
- Improved interoperability with Ethereum based wallets and platforms
As a result, businesses and retail users can move BRL backed digital assets more efficiently. For example, a small exporter in Brazil could settle cross border payments faster without relying on traditional banking rails.
Bridging Traditional Banking and Crypto
Banco Braza issues BBRL through its regulated banking arm. The bank holds reserves in Brazilian Reais under regulatory oversight, ensuring that each token maintains full fiat backing. This structure builds trust among corporate clients, remittance providers, and DeFi participants.
Furthermore, the multi chain approach reflects a broader trend. Traditional financial institutions increasingly adopt public blockchain infrastructure to modernize payments. By offering BBRL on both XRP Ledger and Polygon, Banco Braza expands liquidity and potential use cases.
BBRL first targeted institutional clients in early 2025. However, the Polygon launch could open the door to retail adoption and third party integrations. As demand grows for stable, local currency digital assets, regulated banks may play a key role in shaping Latin America’s crypto landscape.
