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

The stablecoin will be backed by Brazil's National Treasury bonds and offer exposure to the country's interest rate, currently 15%. What to know : Tony Volpon, a former director at Brazil's central bank, announced BRD, a stablecoin backed by Brazilian government debt, aiming to give foreign investors access to the country's high-yield environment. The stablecoin will be backed by Brazil's National Treasury bonds and offer exposure to the country's interest rates, currently 15%. The token could also support demand for Brazilian debt, potentially lowering government borrowing costs, and is expected to attract institutional investors seeking high-yield returns.(Coindesk)