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 sovereign bonds and reduce the borrowing costs for the Brazilian government.

PANews January 7 News, according to CoinDesk, former director of the Central Bank of Brazil Tony Volpon has launched a yield-sharing stablecoin linked to the Brazilian currency and backed by Brazilian government debt — BRD. Volpon stated on CNN Brazil's "Cripto na Real" program that the token will be supported by national bonds, tying its value to sovereign debt, with the aim of allowing holders to enjoy the returns brought by local interest rates. The benchmark interest rate of the Central Bank of Brazil is 15%, while the Federal Reserve's target rate is 3.5% to 3.75%. Volpon said that this move aims to make it easier for foreign investors to access Brazil's high-yield environment. Although Brazil's interest rates have long attracted international attention, channels to obtain these yields are often limited due to regulatory restrictions, currency frictions, and domestic infrastructure factors; BRD could increase access to