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Former Brazilian Central Bank Director Tony Volpon announces the launch of the stablecoin BRD. The token is pegged to the Brazilian Real, backed by Brazilian government bonds, and offers holders exposure to local interest rate yields, with Brazil's current benchmark rate at 15%. Volpon stated that BRD aims to provide overseas investors with a more convenient way to participate in Brazil's high-interest-rate market, and may potentially increase demand for Brazilian government bonds and reduce government financing costs by expanding the investor base. (CoinDesk)