Brazil’s Real Now Moves Across Borders Without Touching Dollars as BRL1 joins Capa’s Onchain FX stack

Today, Capa, payments infrastructure that connects Latin America to the global financial system through a single API, is integrating BRL1 on Polygon, a stablecoin backed 1:1 by Brazil’s real. 

With BRL1 now integrated into Capa, the digital real can move directly through Capa’s onchain FX infrastructure. A Brazilian fintech in São Paulo can settle with a counterparty in Singapore in seconds. An importer in Recife can pay a supplier in Mexico City without touching dollars. A payroll provider can fund contractors across LATAM without correspondent bank latency. Stablecoin transfers on Polygon cost around a cent and settle in seconds, so the unit economics work at any size.

Most stablecoin coverage focuses on the dollar. The more interesting story sits underneath it.

As of December 2025, Polygon settled more than $11.1 billion in lifetime non-USD stablecoin transfer volume, about 43% of all non-USD stablecoin transfers across major blockchains. The Polygon network now hosts 30+ local-currency stablecoins across LATAM, APAC, and EMEA, including AUDF (Australian dollar) at $2.46B in lifetime volume, XSGD (Singapore dollar) at $2.24B, and COPM (Colombian peso) at $1.45B. These are invoices, payroll, remittances, and supplier settlement happening between regions that historically routed everything through the dollar.

Nowhere is that shift more concentrated than Brazil.

The real cluster on Polygon

Brazilian real-pegged stablecoins on the Polygon network have collectively moved more than $2.5 billion in lifetime volume across three issuers:

• BRZ by Transfero: $1.31B
• BRLA by Avenia: $779M, powering the Pix to SPEI corridor between Brazil and Mexico
• BRL1 by the consortium of Bitso, Foxbit, MB | Mercado Bitcoin, and Cainvest: $501M in roughly six months from launch

In February 2026, Banco Braza, Brazil’s largest foreign exchange bank, expanded BBRL to Polygon as well. Per Coinchange, cryptocurrency usage in Latin America grew approximately 63% year over year between mid-2024 and mid-2025, outperforming every other global region. Brazil sits at the center of that growth, and the real on Polygon is one of the most active onchain local-currency clusters in the world.

What these tokens did not have, until now, was a clean way to move through global payment infrastructure as natively as USDC or USDT.

BRL1 + Capa + Polygon

Capa is payments infrastructure that connects Latin America to the global financial system through a single API. It handles local pay-ins and pay-outs, instant conversion between local currencies and stablecoins, and cross-border settlement, with regulatory compliance built in. Capa’s stack runs on the Polygon network as its primary blockchain layer.

A Brazilian importer paying a supplier in Mexico still hits the legacy edges of the system. The real has to be converted to dollars somewhere in the chain, the dollars route through correspondent banks, and the recipient converts back to pesos days later. Spreads, cut-off times, and reconciliation costs accumulate in each step.

BRL1 became the most-traded real-pegged stablecoin on local Brazilian platforms inside six months. The domestic side of the story has been working. The cross-border side has not been wired in.

That is what this collaboration solves.

What this opens up

Liquidity follows usability. The Polygon network operates at 99.99% uptime, recent upgrades raised peak throughput past 3800 TPS, and finality is near-instant. That is the substrate. What builds on top of it is a payment network where the real, the peso, the rupiah, and the euro are all first-class citizens.

We built the Polygon network so that local money could move globally without losing its identity. The digital real now moves across borders without being routed through anyone else’s currency. Brazil is one of the clearest examples of that working.

Learn more about non-USD stablecoins on Polygon at polygon.technology/stablecoins/list, or book a call to discuss building cross-border payment flows on the Polygon network.