Former Brazilian central bank officials launch stablecoin BRD, backed by Brazilian government bonds

2026-01-07 22:22:57

According to CoinDesk, former director of the Central Bank of Brazil, Tony Volpon, announced the launch of the Brazil government bond-backed stablecoin BRD, offering an interest rate of about 15% similar to the Brazilian real.

The issuance of the stablecoin BRD aims to boost demand for Brazilian government bonds and reduce the borrowing costs for the Brazilian government.

source

warnning

Risk warning

Related tags

BRD stablecoin Brazilian government bonds

Related reading

U.S. Senator investigates Tether's payment of $6.3 million to a company held by a former White House cryptocurrency advisor

2026-10-24 09:13

USDD's weekly market value increased by 180.3 million USD, ranking first, while Sky and United Stables entered the top five

2026-10-23 16:27

Malaysia and Thailand join Singapore's BLOOM cross-border stablecoin initiative

2026-10-23 15:41

The South Korean government and central bank are promoting amendments to the foreign exchange market law: planning to regulate stablecoins as payment tools

2026-10-23 09:26

Related tags

BRD stablecoin Brazilian government bonds

app_icon

ChainCatcher Building the Web3 world with innovations.