Former Brazil central bank official unveils real-pegged stablecoin with yield sharing

Source: CryptoNewsNet Original Title: Former Brazil central bank official unveils real-pegged stablecoin with yield sharing Original Link: Tony Volpon, a former director at the Central Bank of Brazil, unveiled BRD, a yield-sharing stablecoin tied to the Brazilian currency and backed by Brazilian government debt.

Speaking on the “Cripto na Real” program on CNN Brasil, Volpon said the token will be backed by National Treasury bonds, linking its value to sovereign debt and aiming to give holders exposure to local interest rates. The central bank’s benchmark interest rate is 15%, compared with the Federal Reserve’s target of 3.5%-3.75%.

Volpon said the goal is to make Brazil’s high-yield environment more accessible to foreign investors. While Brazil’s interest rates have long drawn international attention, he said, access to these returns is often limited by regulation, currency friction and domestic infrastructure.