BRLA stablecoin goes live on HyperEVM with Ramses Exchange
BRLA, Brazil's real-pegged stablecoin, is now tradable on HyperEVM via Ramses Exchange, expanding DeFi access for BRL-denominated trading.
Brazil's real-pegged stablecoin has a new home on Hyperliquid's Ethereum-compatible layer. BRLA, the 1:1 BRL-backed token issued by Avenia, is now tradable on HyperEVM, with Ramses Exchange serving as the primary decentralized exchange partner.
HyperEVM is the execution environment running on Hyperliquid's blockchain, chain ID 999. It bridges standard EVM smart contracts with HyperCore's native order book infrastructure, which handles spot and perpetual trading. The system uses HyperBFT consensus, with HYPE as the gas token. Users can move assets between HyperCore spot balances and HyperEVM through bridging.
Ramses Exchange deployed on HyperEVM around June to July 2025. It operates as a concentrated liquidity AMM, meaning liquidity providers can allocate capital within specific price ranges rather than across the entire curve. The exchange runs an x(3,3) incentive model. Its native token, hyperRAM on HyperEVM, powers governance and staking. Token economics include a conversion mechanism from RAM to xRAM that burns supply, reducing the fully diluted valuation over time. Roughly 30% of allocations were directed to Hyperliquid ecosystem participants. Ramses also introduced Sarcophagus, a fee-based burn mechanism, and dynamic fee structures that adjust based on market conditions. Daily spot trading volumes reach into the millions across various pairs.
BRLA is an ERC-20 stablecoin backed by Brazilian real reserves attested by auditors UHY Bendoraytes. The token launched trading on Hyperliquid's platform in May 2026, initially through the BRLA/USDC spot pair on HyperCore. Circulating supply sits in the range of 138 million to 144 million tokens, with the price hovering between $0.19 and $0.27, reflecting the BRL's exchange rate against the US dollar. The BRLA/USDC pair on HyperCore has become a common trading option, suggesting genuine demand.
The expansion onto HyperEVM gives BRL-denominated traders a new on-ramp into decentralized finance, but it also concentrates BRLA liquidity on a single DEX within the HyperEVM ecosystem. Any technical issue or liquidity disruption on Ramses Exchange would directly affect trading access for the stablecoin. The peg itself depends on the integrity of Avenia's reserves, which are attested by an external auditor. BRLA's circulating supply is roughly 140 million tokens, with the price tracking the BRL at around $0.23.
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