Tenbin Brazilian Real

TBRL Price

About Tenbin Brazilian Real (tBRL)

Tenbin Brazilian Real (tBRL) is a tokenized stablecoin designed to provide on-chain exposure to the Brazilian Real through a unique derivatives-based hedging architecture.

• The token is part of the Tenbin Labs ecosystem, a protocol specializing in the issuance of Real World Assets (RWA) with institutional-grade liquidity.
• It utilizes a proprietary hedging system based on CME futures to maintain price alignment and capture institutional carry yield.
• The asset is designed for full composability across decentralized finance, enabling near-instant minting and redemption without traditional banking constraints.

What Is Tenbin Brazilian Real

Tenbin Brazilian Real is a digital representation of the Brazilian fiat currency, functioning as a stablecoin within the Tenbin Labs issuance framework. Unlike traditional stablecoins that rely on localized bank accounts and spot-asset custody, tBRL provides exposure to the Brazilian Real by leveraging global derivatives markets. This approach allows the protocol to offer high-yield foreign exchange (FX) exposure to users globally, bridging the gap between traditional finance liquidity and blockchain utility.

Value moves through the system by collateralizing the protocol with USD Coin (USDC) and USD fiat, which is then used to open corresponding futures positions. The token is 'put to work' by capturing the futures basis yield—the difference between the spot price and the futures price—which is distributed back to holders. This mechanism scales as the ecosystem grows, as the protocol can tap into the deep liquidity of the CME futures market to support larger issuance volumes without the structural bottlenecks of local financial institutions.

What Makes Tenbin Brazilian Real Unique

• Futures-Based Liquidity: Instead of mirroring spot assets held in custody, tBRL inherits liquidity directly from the CME futures market, enabling deep institutional rails for on-chain trading.
• Yield-Bearing Architecture: The token natively captures institutional carry and futures basis yield, providing a return profile that exceeds traditional non-interest-bearing stablecoins.
• Instant Redemptions: The protocol is designed to facilitate redemptions within approximately 30 seconds (or three Ethereum blocks), significantly faster than traditional RWA settlement times.
• Bankless FX Exposure: By using a synthetic hedging model, Tenbin Labs enables BRL exposure without requiring users or the protocol to maintain physical bank accounts in Brazil.

What Can You Use Tenbin Brazilian Real for?

Tenbin Brazilian Real is pegged to the Brazilian Real. Its primary use cases include:

1. Value retention: tBRL allows users to hold a digital, on-chain representation of the Brazilian Real, providing a way to diversify holdings and reduce exposure to the volatility of the broader cryptocurrency market.
2. Yield generation: The token provides native yield sourced from institutional carry and futures basis yield. Users may also utilize tBRL in decentralized lending and liquidity-provisioning protocols to earn additional returns as supported by the ecosystem.
3. Cross-border settlement / value transfer: It enables the capability for international remittances and global trade by allowing the frictionless, 24/7 transfer of Brazilian Real value across blockchain networks.
4. Collateralization: tBRL can be used as backing for borrowing and lending protocols or as margin for on-chain derivatives, providing a stable, yield-bearing collateral option for DeFi participants.

How Does Tenbin Brazilian Real Work?

Tenbin Brazilian Real operates through a multi-asset issuance framework that combines on-chain collateral with off-chain hedging. When a user mints tBRL, the protocol accepts USD-denominated collateral, such as USDC, and automatically opens a short position in CME futures to hedge the currency exposure. This ensures that the token's value remains tightly aligned with the real-world market price of the Brazilian Real.

The protocol utilizes Chainlink Cross-Chain Interoperability Protocol (CCIP) to manage the distribution and transfer of assets across multiple blockchains, ensuring secure and verified value movement. Users pay protocol service fees for minting and redemption operations, though the system is designed to minimize these costs under normal market conditions. As an application utility token on Ethereum, tBRL relies on the underlying network's security while providing specialized financial services through its smart contract logic.

Team Info and Investors

Tenbin Labs was founded in 2025 by Yuki Yuminaga (CEO) and a team of experts in decentralized finance and traditional market making. The project is governed by Tenbin Labs, which oversees the protocol's development and hedging strategies. In early 2026, the project announced a $7.1 million seed funding round led by Galaxy Ventures. Other major investors include Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, Bankless Ventures, Fenbushi, Uniswap, Anchorage, Primitive, and Reverie.

Where can you buy Tenbin Brazilian Real?

TBRL tokens have stopped trading 18 days ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Tenbin Brazilian Real (TBRL)?

The trading volume of Tenbin Brazilian Real (TBRL) is $5.42 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Tenbin Brazilian Real (TBRL)?

Tenbin Brazilian Real (TBRL) reached an all-time high of $0.2005 and an all-time low of $0.1908. It’s now trading -2.30% below that peak and 2.70% above its lowest price.

What is the market cap of Tenbin Brazilian Real (TBRL)?

Market capitalization of Tenbin Brazilian Real (TBRL) is $1,559,974 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TBRL tokens (8 Million tokens are tradable on the market today).

What is the fully diluted valuation of Tenbin Brazilian Real (TBRL)?

The fully diluted valuation (FDV) of Tenbin Brazilian Real (TBRL) is $1,565,695. This is a statistical representation of the maximum market cap, assuming total number of 8 Million ETH tokens are in circulation today.

How does the price performance of Tenbin Brazilian Real compare against its peers?

With a price increase of 0.00% in the last 7 days, Tenbin Brazilian Real (TBRL) is outperforming the global cryptocurrency market which is down -1.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Tenbin Brazilian Real (TBRL) to MetaMask?

Adding Tenbin Brazilian Real (TBRL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TBRL as a token. You can copy TBRL’s contract address (0x4c1b46adb8877e389171ec6ef67b385094c0afad) and import it manually, or if you've installed MetaMask's chrome extension, add TBRL to MetaMask with one click on CoinGecko.

Add TBRL to MetaMask.