Former Brazilian Central Bank official launches stablecoin BRD linked to the actual exchange rate with profit sharing

2026-01-07 14:21:39

PANews January 7 News, according to CoinDesk, former director of the Central Bank of Brazil Tony Volpon has launched a yield-sharing stablecoin linked to the Brazilian currency and backed by Brazilian government debt—BRD. Volpon stated on CNN Brazil’s “Cripto na Real” program that the token will be supported by national bonds, tying its value to sovereign debt, with the aim of allowing holders to enjoy the returns brought by local interest rates. The benchmark interest rate set by the Central Bank of Brazil is 15%, while the Federal Reserve’s target rate is 3.5% to 3.75%.
Volpon said that this move aims to make it easier for foreign investors to access Brazil’s high-yield environment. Although Brazil’s interest rates have long attracted international attention, channels to obtain these yields are often limited due to regulatory restrictions, currency frictions, and domestic infrastructure factors. BRD could increase demand for the country’s debt and, by expanding the investor base, potentially reduce borrowing costs.

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