Former Brazilian central bank official launches stablecoin BRD backed by Brazilian government bonds

GateNews

2026-01-07 14:22:04

BlockBeats News, January 7th, former director of the Central Bank of Brazil, Tony Volpon, announced the launch of the Brazil Sovereign Bond-Backed Stablecoin BRD, offering an interest rate of approximately 15%, the same as the Brazilian Real. The issuance of the stablecoin BRD aims to boost demand for Brazilian government bonds and reduce borrowing costs for the Brazilian government.

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