Tony Volpon, ex-Brazil central bank official, to introduce real-pegged stablecoin

Tony Volpon, a former director at the Central Bank of Brazil, has unveiled BRD, a new stablecoin pegged to the Brazilian real and backed by National Treasury bonds. The token is designed to share the yield generated from the underlying government debt, offering holders exposure to Brazil's high local interest rates, currently around 15%. Volpon aims to make this high-yield environment more accessible to foreign and institutional investors who are often restricted by regulation and currency friction. BRD seeks to differentiate itself as the first real-pegged token to explicitly structure yield sharing with holders. It enters a competitive market featuring established tokens like Transfero's BRZ and BBRL, and faces competition from other yield-bearing tokens like BRLV from Crown.

(Source：CoinDesk)