> For the complete documentation index, see [llms.txt](https://brd-digital.gitbook.io/brd-digital-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://brd-digital.gitbook.io/brd-digital-docs/stablecoin.md).

# Stablecoin

BRD is a BRL-denominated stablecoin, fully reserved by Brazilian Treasury LFTs, live on Solana, Ethereum and Base.

BRD is a stablecoin denominated in Brazilian reais. Each token is backed 1:1 by Brazilian Treasury LFTs held in reserve, and is redeemable for BRL by verified account holders.

## Reserves

BRD is reserved entirely in **LFTs**, short-duration Brazilian Treasury bonds. LFTs float with the policy rate, which is what makes them suitable as a reserve asset. A floating-rate instrument does not lose principal value when rates move the way a fixed-coupon bond does.

The bonds are registered and held directly at the Brazilian Central Bank. BRD Digital purchases them through a qualified bank, currently **Genial**, and the reserve sits in an account segregated from operating capital.

Brazilian tax treatment on these instruments is regressive with holding period. Positions held longer than 30 days attract a lower rate than short-dated ones.

→ Proof of Reserves

## Networks

BRD is live on Solana, Ethereum and Base. The EVM deployments use deterministic addresses, so BRD carries the same address on Ethereum and Base.

<table><thead><tr><th width="130">Network</th><th width="110">Standard</th><th>Contract</th></tr></thead><tbody><tr><td><strong>Solana</strong></td><td>SPL</td><td><a href="https://solscan.io/token/GNzvFdZunbie9sm3Kb3g9TCSQovDxCuzxTeJdfD7eBZj"><code>GNzvFdZunbie9sm3Kb3g9TCSQovDxCuzxTeJdfD7eBZj</code></a></td></tr><tr><td><strong>Ethereum</strong></td><td>ERC-20</td><td><a href="https://etherscan.io/token/0xf800d5D6826FC1b45bcfa25C6f8426F5EB89FDc5"><code>0xf800d5D6826FC1b45bcfa25C6f8426F5EB89FDc5</code></a></td></tr><tr><td><strong>Base</strong></td><td>ERC-20</td><td><a href="https://basescan.org/token/0xf800d5D6826FC1b45bcfa25C6f8426F5EB89FDc5"><code>0xf800d5D6826FC1b45bcfa25C6f8426F5EB89FDc5</code></a></td></tr></tbody></table>

The yield product has its own contract. See sBRD.

{% hint style="warning" %}
Always verify a contract address against this page or the dashboard before transacting. Never take an address from an email or a direct message.
{% endhint %}

## Use cases

**Yield.** Holding BRD gives exposure to Brazilian sovereign yield, currently around 14%, among the highest real yields available anywhere, without a Brazilian entity or a local bank account. See [Yield](/brd-digital-docs/yield.md).

**BRL-settled stablecoin cards.** Card programmes today settle in liquid USD stablecoins, which forces a currency mismatch on any issuer serving Brazilian spend. BRD makes BRL-settled card programmes possible.

**Lower-cost access to BRL.** On-chain settlement reaches Brazilian currency faster and more cheaply than correspondent banking, without local presence.

**FX.** BRD is the BRL leg of cross-border operations between reais and other currencies. See [Cross-border](/brd-digital-docs/cross-border.md).

## Composability

BRD is a token on public networks. It transfers wallet-to-wallet without BRD Digital in the loop, is held in standard custody tooling, trades on public liquidity pools, and composes with DeFi protocols. Total supply is readable on-chain by anyone.

What runs through BRD Digital is the **fiat edge**: minting with fiat, and redeeming to a bank account. Both require verification.

## In this section

* Minting, registering intent, funding options, and what "cleared" means.
* Redemption, converting BRD back to BRL.
* Proof of Reserves, what backs BRD and how to verify.


---

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