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Former Brazilian Central Bank Director Tony Volpon recently announced a new stablecoin project—BRD. This token is directly pegged to the Brazilian Real and backed by Brazilian government bonds as reserves, giving this stablecoin a very solid foundation.
Interestingly, BRD is not just a stablecoin; holders can also gain exposure to local interest rates in Brazil. Considering that Brazil's current benchmark interest rate is as high as 15%, this is indeed attractive for DeFi users—meaning the stablecoin can also generate yields.
Volpon explained the original intention behind this design... (original text incomplete)
The launch of this project marks the beginning of more central bank figures exploring stablecoin solutions in the crypto space, especially in emerging markets seeking high-yield financial tools. The emergence of BRD also reflects a new approach to integrating DeFi with traditional finance.