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.