Featherlend opened two isolated Morpho lending markets for BRZ, a Brazilian real stablecoin, on Polygon, creating an on-chain route for corporate treasuries to Brazil’s 13.75% Selic (benchmark interest rate). The TESOURO market accepts Etherfuse tokenized short-dated Brazilian treasury notes, while the sfrxUSD market accepts Frax’s yield-bearing dollar token. Both markets lend only BRZ, with Feather overseeing liquidation thresholds and solvency and Morpho providing immutable isolated contracts. At launch, collateral yield was near 12.67% and borrowing costs near 8.76%; a Merkl campaign pays 100% of the CDI interbank rate on idle BRZ balances. The launch addresses the limited access Brazilian companies and foreign firms previously had to on-chain reais exposure, although the sfrxUSD market carries currency risk and lenders face collateral and withdrawal risks.