BRS is a Brazilian real-referenced stablecoin presented by Nora for payments and digital settlement.
Reviewed · Sources (1)
How it works
Nora says BRS is backed by sovereign and money-market instruments, with custody by Mirae Asset and reserve attestations from Fact Finance. Nora describes sharing some reserve yield with eligible distribution partners; that does not imply automatic yield for every holder.
Backing
Nora describes sovereign and money-market instruments as backing.
What the project says
Nora says it shares some reserve yield with eligible partners, not automatically with every holder.
The project
History
BRS is Nora’s real-referenced token for its partner network.
People and issuer
Nora presents the network and identifies Mirae Asset and Fact Finance in custody and attestation roles.
Access and redemption
Nora describes minting and 1:1 redemption for reais through Pix via partners. Eligibility, fees and the chosen partner terms apply. Secondary swaps have separate prices and liquidity.
Transparency
Nora identifies reserve attestations; review the latest report and its scope.
What to check
- The observed public liquidity was concentrated on Base; coverage across networks is incomplete.
Contract observations (4)
Discovery records. Confirm the current issuer address and migration status before use.
0x0000006238e3C7797Ae71827da303560bae1B125Explorer ↗0x0000006238e3C7797Ae71827da303560bae1B125Explorer ↗0x0000006238e3C7797Ae71827da303560bae1B125Explorer ↗BRSxQRUaGswjLs7ewcH7uXj3r7SgmfKSSLLXyCKHZtUoExplorer ↗Sources (1)
Primary project, issuer, protocol, auditor or official material was reviewed for the described claims; this is not independent verification of all claims or current market access.