# Cloak Says Its Technology Powers Brazilian Real Stablecoin By John Kim Canonical URL: https://www.tokenpost.com/news/business/39982 Published: 2026-10-24T12:54:57.000Z Updated: 2026-10-24T12:54:57.000Z Section: Business > Cloak says the Brazilian real stablecoin ($BRS), launched with Norafinance, is designed for private on-chain transactions. Cloak says its technology powers a Brazilian real stablecoin ($BRS) launched with Norafinance, adding a privacy-focused use case for on-chain transactions tied to the Brazilian currency. Cloak describes BRS as designed for private transactions and calls it Brazil’s first private stablecoin. Separately, [stablecoin-linked card plans]() from Stripe and Plasma are planned to support five fiat currencies: the U.S. dollar, Brazilian real, euro, Mexican peso and Colombian peso. ## Links in this article - [stablecoin-linked card plans](https://www.tokenpost.com/news/business/32652)