From May 4th, we officially list Brazilian Digital Token (BRZ) on the ONUS application. Soon after BRZ is added, users can perform the following features:
- Off-chain transactions: Send and receive BRZ with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to BRZ and vice versa.
About Brazilian Digital Token
BRZ is the first Brazilian stablecoin in circulation. It will allow Brazilians to directly ramp up investments in foreign exchanges and to trade a Brazilian Real (BRL) pegged stablecoin in a global scale. It will permit sending and receiving BRL pegged tokens safely and instantly, for a fraction of the cost of any other alternative. Brazilian Digital Token offers its users the following benefits:
- Stability: Price stability will be pursued by market agents based on the reserves held by the Reserve Managers.
- Multichains: The BRZ is built-up on top of Ethereum, Solana, Stellar, Algorand, Binance Smart Chain and RSK Network.
- Security: The BRZ Smart Contract is the public instrument used for issuing and burning tokens according to convertibility demands. BRZ’s crypto transactions are verified by Parsiq.
- Transparency: The issuance of new tokens and the underlying reserves will be audited by a reputable third-party firm.
- Global acceptance: The BRZ Token can be traded in multiple platforms.
What is BRZ Token?
BRZ is a digital asset classified as a stablecoin, pegged to the official currency of Brazil, the Brazilian Real (“BRL”), operating on Ethereum according to ERC20 standard, and can be used to:
- Brazilian users now can enter international crypto markets without immediate exposure to Bitcoin or any other volatile cryptocurrency.
- International exchanges and platforms will be able to enter the Brazilian market seamlessly and acquire Brazilian customers with a frictionless solution.
- International investors with business in Brazil will have an easy alternative to hedge their holdings in Brazilian Reais.
- Name: Brazilian Digital Token
- Symbol: BRZ
- Platform: Ethereum
- Standard: ERC20
- Type: Stablecoin
- Smart Contract Address: 0x420412e765bfa6d85aaac94b4f7b708c89be2e2b