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Former Brazilian central bank official launches stablecoin BRD backed by Brazilian government bonds
BlockBeats News, January 7th, former director of the Central Bank of Brazil, Tony Volpon, announced the launch of the Brazil Sovereign Bond-Backed Stablecoin BRD, offering an interest rate of approximately 15%, the same as the Brazilian Real. The issuance of the stablecoin BRD aims to boost demand for Brazilian government bonds and reduce borrowing costs for the Brazilian government.