BRL Launches on Codex FX, Bringing Brazil's Cross-Border FX Onchain
May 6, 2026
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Today, BRL goes live on Codex FX.
Brazil, the largest economy in Latin America and home to one of the world's most actively traded emerging-market currencies, joins our growing roster of live corridors, with full BRL ↔ USDC and BRL ↔ USDT support powered end-to-end by Pix.
Codex FX delivers wholesale FX rates, sub-30-minute settlement, and 24/7 cross-border execution to payment providers, neobanks, remittance companies, and fintechs. Our mission: build the most liquid onchain FX market.
Why Brazil
Brazil moves enormous volumes across borders every day. Exporters repatriating commodity revenue, fintechs serving the LATAM corridor, payroll platforms paying global contractors, remittance companies serving one of the world's largest diaspora flows, and until now, that activity has been stuck on infrastructure that wasn't built for how modern businesses actually operate.
Brazil runs on Pix domestically, and it runs well. But Pix is a BRL-only rail. The cross-border plumbing is where stablecoins earn their place: exporters hedging real volatility before repatriation, tech contractors paid in dollars routing into reais, fintechs moving value between Brazil and the rest of LATAM without the IOF drag of traditional FX.
Pix carries the last mile. Stablecoins carry the dollar leg. Codex FX connects the two.
How it works
Reais in, stablecoin out. Send BRL to Codex over Pix. A live BRL/USDC or BRL/USDT rate locks at confirmation, with stablecoins delivered to your designated wallet on Ethereum, Solana, Polygon, Arbitrum, Avalanche, or Base.
Stablecoin in, reais out. Send USDC or USDT to Codex on any supported chain. A live rate locks at confirmation, and reais are dispatched to the beneficiary's Brazilian account.
Either direction, Pix handles BRL settlement end-to-end, with instant beneficiary confirmation. No T+2, batch windows, or banking-hours dependency.
"Brazil is one of the largest and most liquid emerging-market FX corridors in the world, but cross-border BRL has been stuck on infrastructure that wasn't built for how businesses actually operate today. With Pix on one side and stablecoins on the other, settlement that used to take days now takes minutes, at wholesale pricing. This is what onchain FX makes possible, and Brazil is exactly the kind of market where the difference is felt immediately."
— Haonan Li, CEO and Co-Founder, Codex
Check out our corridors in Brazil here:
What comes next
Brazil is one stop on a much longer roadmap. As more regional currencies come onchain with proper backing and compliant rails, Codex FX becomes the natural home for deep, efficient FX in markets that legacy infrastructure has historically underserved, and the cross-border corridors that connect them.
The vision is the same as it's always been: anything to anything, settled at wholesale rates, in minutes, on rails that don't sleep.