Former Brazilian central bank official launches BRD, a stablecoin pegged to the real exchange rate with revenue sharing

PANews, January 7th – According to CoinDesk, former director of the Central Bank of Brazil, Tony Volpon, has launched a yield-sharing stablecoin called BRD, which is pegged to the Brazilian currency and backed by Brazilian government debt. Volpon stated on the “Cripto na Real” program on CNN Brazil that the token will be supported by national government bonds, linking its value to sovereign debt, with the aim of allowing holders to benefit from local interest rates. The Central Bank of Brazil’s benchmark interest rate is 15%, while the Federal Reserve’s target rate is between 3.5% and 3.75%.

Volpon said that this move is intended to make it easier for foreign investors to access Brazil’s high-yield environment. Although Brazil’s interest rates have long attracted international attention, access to these returns has often been limited by regulatory restrictions, currency frictions, and domestic infrastructure. BRD could increase demand for the country’s debt and, by expanding the investor base, potentially lower borrowing costs.