Former Brazilian Central Bank official promotes stablecoin BRD: a new experiment backed by government bonds + 15% yield

【Blockchain Rhythm】 Brazil’s stablecoin experiment has taken a new step. A former central bank executive recently launched the BRD project, with the core idea of issuing stablecoins backed by government bonds. This design is quite interesting—since Brazil’s government bonds can offer investors a 15% annual return, why not incorporate this yield into the stablecoin?

In simple terms, this is a financial leverage. Using stablecoins as a liquidity tool to boost demand for government bonds, which in turn helps the government reduce borrowing costs. For users, holding the coin means earning returns; for the government, financing costs go down. It sounds like a win-win situation, but the key is whether this 15% promise can be reliably maintained in actual implementation.