Discrepancy between country setup and what shows up on address field

This is a weird one. 

The Country/Territory Picklist setup shows "Brasil" 

When I edit the billing address on the account, the country picklist value shows "Brazil" 

This is not a custom field, it's the standard account billing address field. 

Checking out all the objects I know use address fields, custom or standard, I see the same issue. 

Checking out other countries where we renamed the original out of the box value, I do not see a problem. It's just Brazil. 

I am not sure where to fix this, since the address setup is, to my knowledge, not customisable.  

Edited to add: I have checked to see if by some weird happening, we have some other country set up with the name Brazil. We do not.  

Also Brasil does not show up as an option. 

Second Edit: I checked the translation workbench for countries, no translation set up for Brasil (which does show up correctly) 

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