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Deep Tide TechFlow News, January 07, According to CoinDesk, former Brazilian Central Bank director Tony Volpon announced the launch of the innovative stablecoin BRD, which is pegged to the Brazilian Real and backed by Brazilian government bonds. BRD will offer holders up to 15% profit sharing, significantly higher than the Federal Reserve's benchmark rate of 3.5%-3.75%.
Volpon stated on CNN Brazil's "Cripto na Real" program that BRD aims to make it easier for foreign investors to access Brazil's high-yield environment, while potentially supporting the demand for Brazilian government bonds by expanding the investor base, thereby reducing government borrowing costs.