Crown BRLV

Crown BRLV is a stablecoin intended to be pegged to the Brazilian real (BRL). Its reserves are stated to consist of Brazilian government bonds; the token was issued primarily on Base, Coinbase's layer-two network, and also has a contract on Ethereum. It is said to be designed for payments, decentralized finance integrations and corporate cash management.

BRLV is not a rebasing token that automatically increases the holder's balance; the token supply stays fixed in relation to the deposited reserves. This allows it to be used like a standard token in automated market makers and lending protocols. The yield on the government bonds accrues separately in the collateral layer and, according to the project, this surplus can be claimed by entitled parties under certain conditions. The reserves are said to be held in a way that protects token holders' rights from the issuer's insolvency through a fiduciary assignment structure under Brazilian law.

The value shown on Lzzo.com is DefiLlama's US dollar reference price for BRLV, and the chart is drawn from this source's historical data; for this reason, the price on the page moves with the exchange rate between the real and the dollar even if the peg holds. Whether the peg holds, in turn, depends on the quality and transparency of the reserves, the interest rate and regulatory environment in Brazil and how the redemption process works.