Former Brazilian central bank official launches stablecoin BRD linked to real exchange rate and profit sharing According to CoinDesk, Tony Volpon, former director of the Brazilian Central Bank, has launched a revenue sharing stablecoin called BRD, which is pegged to the Brazilian currency and supported by Brazilian government debt. Volpon said in the program "Cripto na Real" of CNN in Brazil that the token will be supported by national treasury bond, and its value will be linked to sovereign debt, so that the holder can enjoy the benefits brought by local interest rates. The benchmark interest rate of the Brazilian central bank is 15%, while the target interest rate of the Federal Reserve is 3.5% to 3.75%. Volpon stated that this move aims to make it easier for foreign investors to enter Brazil's high-yield environment. Although Brazil's interest rates have long attracted international attention, channels to obtain these returns are often limited due to regulatory restrictions, currency frictions, and domestic infrastructure; BRD may increase the demand for the country's debt, and may reduce borrowing costs by expanding the investor base.