Former Brazilian Central Bank director launches 15% high-yield stablecoin BRD, a new exploration in digitalized government bonds

[BitPush] An interesting new play has emerged. Former Brazilian Central Bank director Tony Volpon recently announced the launch of a stablecoin called BRD, which is not an ordinary stablecoin — it is directly backed by Brazilian government bonds.

What are the key highlights? BRD offers an annual yield of around 15%, fully aligned with the market yield level of the Brazilian Real. This means that holding BRD effectively provides an indirect return from Brazilian government bonds.

The underlying logic is also clear: this approach stimulates market demand for Brazilian government bonds. As demand for bonds increases, the government’s borrowing costs naturally decrease. For the government, this is another way to reduce borrowing costs; for holders, high-yield stablecoins become a new asset allocation option.

This combination of government bonds and stablecoins is still rare worldwide, reflecting a new understanding among central banks regarding digital assets — not opposition, but innovative integration.