Former Central Bank Official of Brazil Launches BRD Stablecoin, Backed by Brazilian Treasury Bonds
BlockBeats News, January 7th, Former Central Bank Director of Brazil, Tony Volpon, announced the launch of a Brazil Bond-supported stablecoin, BRD, offering a roughly 15% interest rate pegged to the Brazilian Real. The issuance of the stablecoin BRD aims to boost demand for Brazilian bonds and reduce the Brazilian government's borrowing costs.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Key Market Insights from December 12th, how much did you miss out?

The Bounce is a Illusion? The Bond Market Has Answered

CZ's new book reveals the past of FTX: SBF has high emotional intelligence but has repeatedly poached and smeared Binance

Insurance capital giant's initial position of 20 million USD, State Street launches treasury custody, Iris achieves full retention

Kroll gives Ripple Prime a "medium quality" BBB rating, which is the lowest investment grade

Average Earnings per Person $90 Million, Earth's Biggest Private Buyer of Gold

Musk: New Roadster Sports Car May Have Flight Capabilities

Fed’s Sept. 17 Rate Cut Sparks Initial Volatility but Sets Stage to Boost Bitcoin, Gold, and Stocks Over Time
As markets digest the Federal Reserve’s much-anticipated interest rate decision on September 17, there’s a mix of short-term…

Hong Kong SAR Government Prepares for Third Sovereign Green Bond Issuance

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Traders Resist New York Fed Loan Facility, Fed's Repurchase Market Pressure Relief Hindered

Opinion: Federal Reserve Independence Hit by Trump's "Combo Move," But President's Speech Impact Limited

Misela Opens First Manhattan Store In Noho

Japan Changes Rules for Cryptocurrencies: Spot ETFs Are Closer

Why Circle is spending $400M to fix the last mile holding stablecoins back from real-world payouts

OpenAI Asks Congress Whether an AI Slowdown Would Be Legal

Cryptocurrencies in Decline: How to Secure Digital Assets for Loved Ones?

Tokenized stocks expand access, but what do investors legally own? Tessera PE founder explains

Wash Fed Chair on the Hot Seat Amid Rising CPI and Pressure for September Rate Hike

Bank stablecoins can earn DeFi yield, but holders bear the risk: Katana CEO

Major Global Banks Launch Their Own Stablecoins to Compete with Tether and Circle

US DOJ restrains $52M in crypto with Tether’s help

India, Russia discuss CBDC payments as bilateral trade nears $60 billion

AI Reduces Quantum Attack Costs on Bitcoin by 86%

ESMA Updates on the Prospectus: Consultation Open Until November 9

Robinhood's Cryptocurrency Trading Volume Increased by 61% in August to $17.5 Billion, with Bitstamp Contributing $10.1 Billion

US Treasury's $5 billion buyback of 10-year bonds fails to halt their sell-off

Why Capital Is No Longer Buying Into Narratives in This Market Cycle?

Planned Financial Crisis: the new global monetary architecture of the dollar





