# cREAL Stable Asset (formerly cBRL) **URL:** \ **Category:** Governance\ **Created:** [August 23, 2021, 3:23pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281 "2021-08-23T15:23:30Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![pedro-clabs](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pedro-clabs/32/401_2.png) [@pedro-clabs](https://forum.celo.org/u/pedro-clabs)\ **Post date:** [September 24, 2021, 9:48am UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/21 "2021-09-24T09:48:13Z")
> Hey guys. I’m a recent immigrant to Brazil […] Welcome! I hope you have a good time 🙂 > The business I’m part of, [EasyCrypto.com](http://easycrypto.com/), also uses BRZ to deliver crypto to our clients. I’d love to learn more about how you’re using BRZ. > I recommend using biscoint dot io to look at BRL prices - I think the best way to get CELO into BRL is still going through BTC. The [biscoint.io](http://biscoint.io) price would be some kind of average of the exchanges it covers, right? If so, that’s not too dissimilar to what Celo’s oracles are doing. > I don’t know the ins and outs of setting up a stablecoin but I imagine, as Brazil is a quite bureacratic country, it’s not easy. I recommend partnering with either BRZ or another stablecoin provider. IMHO one of the advantages of algorithmic stable coins is not needing the same kind of bureaucratic set-up that a custodial fiat-backed one would entail. ---
**Author:** ![martinvol](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/martinvol/32/7166_2.png) [@martinvol](https://forum.celo.org/u/martinvol)\ **Post date:** [October 13, 2021, 8:58pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/22 "2021-10-13T20:58:13Z")
Added a draft for a new proposal for the full activation of cBRL (after the original deploy proposed [here](https://github.com/celo-org/governance/blob/main/CGPs/cgp-0042.md)): [cBRL activation by martinvol · Pull Request #87 · celo-org/governance · GitHub](https://github.com/celo-org/governance/pull/87) ---
**Author:** ![MilaRioja](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/milarioja/32/7626_2.png) [@MilaRioja](https://forum.celo.org/u/MilaRioja)\ **Post date:** [October 22, 2021, 5:47pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/23 "2021-10-22T17:47:56Z")
Thats cool! Just catching up. To flag the cBRL ticker seems to be “unavailable” in Brazil. I like cReal as an alternative. No Brazilian uses BRL for anything, and Real is not widely used in international trading (what could leave foreigners wondering…) but in contrast will be very much relevant for the local payment system. Wondering if the community has thoughts around this. ---
**Author:** ![martinvol](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/martinvol/32/7166_2.png) [@martinvol](https://forum.celo.org/u/martinvol)\ **Post date:** [October 25, 2021, 3:54pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/24 "2021-10-25T15:54:51Z")
I do agree that in this case it looks like it would be more convenient to use `cREAL` as ticket. The name of the new asset would be `Celo Brazilian Real`. ---
**Author:** ![aaronmgdr](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/aaronmgdr/32/9921_2.png) [@aaronmgdr](https://forum.celo.org/u/aaronmgdr)\ **Post date:** [October 26, 2021, 9:38pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/25 "2021-10-26T21:38:19Z")
Icons For this upcoming cStable Asset Are Available in the Celo Brand Kit [Celo Experience / BrandKit / Exchange Icons](https://celo.org/experience/brand/exchange-icons#overview) ---
**Author:** ![Yaz](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/yaz/32/224_2.png) [@Yaz](https://forum.celo.org/u/Yaz)\ **Post date:** [November 2, 2021, 6:17pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/26 "2021-11-02T18:17:42Z")
@martinvol @MilaRioja hey folks, if it’s ok with you, I’d like to rename this forum post to “cREAL Stable Asset (formerly cBRL)” ---
**Author:** ![Patrick](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/patrick/32/6634_2.png) [@Patrick](https://forum.celo.org/u/Patrick)\ **Post date:** [November 11, 2021, 12:34am UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/27 "2021-11-11T00:34:43Z")
> To flag the cBRL ticker seems to be “unavailable” in Brazil. > Not sure I understand what it means that cBRL is unavailable. My feeling is that Celo stablecoins should stick to [ISO 4217 Currency Codes](https://www.xe.com/iso4217.php) (e.g. cBRL) because this standard establishes internationally recognized codes for the representation of currencies that enable clarity and reduce errors. ---
**Author:** ![Pinotio.com](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pinotio.com/32/264_2.png) [@Pinotio.com](https://forum.celo.org/u/Pinotio.com)\ **Post date:** [November 11, 2021, 5:01pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/28 "2021-11-11T17:01:10Z")
![image](https://us1.discourse-cdn.com/flex020/uploads/celo/original/2X/6/6c1c29a744f805edcde94c098500bd952e8e64f5.png) ![image](https://us1.discourse-cdn.com/flex020/uploads/celo/original/2X/0/036b73c9490ebf13bcaed1ae67333fb3c7f1fd6d.png) ---
**Author:** ![luisgj](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/luisgj/32/436_2.png) [@luisgj](https://forum.celo.org/u/luisgj)\ **Post date:** [November 11, 2021, 5:54pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/29 "2021-11-11T17:54:19Z")
[https://cryptobrl.com/en.html](https://cryptobrl.com/en.html) A stable with that name already exists. ---
**Author:** ![Patrick](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/patrick/32/6634_2.png) [@Patrick](https://forum.celo.org/u/Patrick)\ **Post date:** [November 11, 2021, 6:07pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/30 "2021-11-11T18:07:20Z")
Got it. Thanks for clarifying. IMO using international currency code standards is more important than having a unique ticker. Also, the other cBRL doesn’t have any data populating on [Coingecko](https://www.coingecko.com/en/coins/cryptobrl) or [CMC](https://coinmarketcap.com/currencies/cryptobrl/). They have 400 Twitter followers and 355 members in Telegram. So I don’t see that naming Celo Real cBRL will cause confusion for very many people. Looking ahead we’re probably going to run across this ‘ticker taken’ problem with a lot of Celo stablecoins. I suggest that we ignore tickers on other chains and do what is in the best interest of Celo users, which is to reduce confusion by following international currency codes. ---
**Author:** ![Pinotio.com](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pinotio.com/32/264_2.png) [@Pinotio.com](https://forum.celo.org/u/Pinotio.com)\ **Post date:** [November 11, 2021, 6:11pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/31 "2021-11-11T18:11:00Z")
Ah, got it @luisgj . Yeah, I agree with @Patrick . There is already Compound USD (cUSD), which is a much bigger overlap than cryptobrl. ---
**Author:** ![Polo](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/polo/32/6526_2.png) [@Polo](https://forum.celo.org/u/Polo)\ **Post date:** [November 16, 2021, 12:29pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/32 "2021-11-16T12:29:38Z")
Hello all! This is my first post here in the CELO Community, but I’m gonna take other opportunity later to better introduce myself. 🤓 Today is a symbolic day since it is exactly one year the Brazilian Central Bank started to experiment the PIX system, as a first phase of what they call the Open Bank System, planning to achieve their own CBDC - central bank digital currency - over the next years. I am here to fully support the creation of a cBRL by CELO and help to develop it’s infrastructure and bridges, also bringing CELO’s _beautiful values_. 4 month’s ago I’ve compiled some headlines on the importance of Brazilian cryptoeconomy \> [ΚΣ Labs - Brazil - July 2021 – Telegraph](http://mostre.me/criptoeconomia-brl) For now I would just like to endorse @Patrick, bringing some [fresh data analyses](https://telegra.ph/cBRL-Analyses-CryptoBRL-11-16) I just did on the cryptoBRL (former cBRL) to propose we compete for “their” token name following the ISO Currency Codes. These plots show how they are “dying” and extremely concentrated - cryptoBRL consist of some Brazilian exchanges connected to AlterBank, a bank created by the largest south american exchange; MercadoBitcoin. _They have 4031 transactions by only 173 holders since 2019-12-04 where just the exchanges wallets owns the big chunk sending some millions in between each other_. The funny thing about cREAL is that in my Rio de Janeiro “dialect” it really sounds like _surreal_, an adjective that we use lots for everything that is kind-of odd, like in: - It is _surreal_ that cBRL from CELO is gonna be a widely used stablecoin paired with Brazilian Real before the Central Bank’s one! 😉 ---
**Author:** ![Pinotio.com](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pinotio.com/32/264_2.png) [@Pinotio.com](https://forum.celo.org/u/Pinotio.com)\ **Post date:** [November 18, 2021, 11:57pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/33 "2021-11-18T23:57:53Z")
Hi @luisgj and team. I love that this is going through and I think it’s a great stable for Celo to have. However, why are we not sticking to the international currency codes and cBRL? If the reason is because there is another cBRL, I don’t think that is a good reason. As I indicated above, there is already a cUSD (which is compound USD on Ethereum, which a much bigger market cap than Celo USD). I don’t think we should be looking at what other tokens are out there. Better to adopt a consistent naming convention like the international codes and stick to it. What is the substantive reason we are not choosing cBRL? ---
**Author:** ![aaronmgdr](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/aaronmgdr/32/9921_2.png) [@aaronmgdr](https://forum.celo.org/u/aaronmgdr)\ **Post date:** [November 23, 2021, 5:49am UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/34 "2021-11-23T05:49:54Z")
so i see the formal governance proposal for uses cREAL in the title but the Contracts are named like ExchangeBRL. really wish we just stuck with cBRL for consistency. and used Celo Real as the Long name ---
**Author:** ![Pinotio.com](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pinotio.com/32/264_2.png) [@Pinotio.com](https://forum.celo.org/u/Pinotio.com)\ **Post date:** [November 23, 2021, 4:59pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/35 "2021-11-23T16:59:56Z")
@Yaz , @luisgj - could you address my question and @aaronmgdr ---
**Author:** ![MilaRioja](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/milarioja/32/7626_2.png) [@MilaRioja](https://forum.celo.org/u/MilaRioja)\ **Post date:** [November 23, 2021, 7:41pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/37 "2021-11-23T19:41:16Z")
Hey!! Another Brazilian here. In Brasilia (capital) from Brazil 🤩, we use surreal for smth that is unimaginably good. Also, I personally think it sounds more like cereal, and given all crypto is after food names I find it very relevant aspect LOL It is also worth mentioning that Real will be used mostly by local community, which does not know what BRL is. Real is very different from USD, While the latter is a global exchange currency, the first is mainly used for payments locally. Lastly, but of extreme importance: I believe the fact the central bank wants to call the CBDC dReal is also a good indication Real makes more sense to the local market than BRL. What do you think? 🙂 ---
**Author:** ![MilaRioja](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/milarioja/32/7626_2.png) [@MilaRioja](https://forum.celo.org/u/MilaRioja)\ **Post date:** [November 23, 2021, 7:47pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/38 "2021-11-23T19:47:54Z")
I agree with you. However, I think there are specificities to the local market in this case, and to what the asset is used for. Historically USD/EUR are used for hedging and as investment methods for international community. I personally believe that the local community in a broader sense does not know what BRL is, and will be using it on their daily lives. Happy to hear your thoughts and strongly believe this convo is excellent sign the community is rather excited 🇧🇷 ---
**Author:** ![Pinotio.com](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/pinotio.com/32/264_2.png) [@Pinotio.com](https://forum.celo.org/u/Pinotio.com)\ **Post date:** [November 23, 2021, 8:20pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/39 "2021-11-23T20:20:13Z")
I think local community matters and that is an important point to weigh. Thanks. ---
**Author:** ![MilaRioja](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/milarioja/32/7626_2.png) [@MilaRioja](https://forum.celo.org/u/MilaRioja)\ **Post date:** [November 23, 2021, 11:12pm UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/40 "2021-11-23T23:12:44Z")
> [@Patrick](#): > > coins should stick to [ISO 4217 Currency Codes](https://www.xe.com/iso4217.php) (e.g. cBRL) because this standard establishes internationally recognized codes for the representation of currencies that enable clarity and reduce errors. Hey! Some arguments for this above. Just tagging you here too to weight in 🙂 ---
**Author:** ![Patrick](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/patrick/32/6634_2.png) [@Patrick](https://forum.celo.org/u/Patrick)\ **Post date:** [November 24, 2021, 5:50am UTC](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281/41 "2021-11-24T05:50:28Z")
I stand by my recommendation to use international currency codes as the ticker symbol for all cTokens because it puts Celo in sync with the international forex markets and more localized references to currency (e.g. real vs BRL) can be adopted by wallets as needed. [Previous page](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281.md?page=1) [Next page](https://forum.celo.org/t/creal-stable-asset-formerly-cbrl/1281.md?page=3)