- Tony Volpon launches BRD stablecoin providing publicity to Brazil’s 15% rate of interest.
- A token backed by treasury bonds that competes with BRZ’s market capitalization of $185 million.
- Brazil doesn’t have an official cryptocurrency as of January 2026.
A former director of Brazil’s central financial institution has launched a high-yield stablecoin designed to provide worldwide traders entry to the nation’s high-interest price surroundings. Tony Volpon introduced BRD on CNN Brazil’s “Crypto Na Actual” present, calling the token a gateway to Brazilian authorities bond returns.
Stablecoins are backed by authorities bonds, making a direct hyperlink between the worth of the token and authorities securities. Brazil’s central financial institution has saved rates of interest at 15%, properly above the Federal Reserve’s goal vary of three.5%-3.75%.
Token construction addresses market entry limitations
Volpon mentioned the initiative goals to beat conventional limitations that forestall overseas traders from accessing Brazil’s bond market. Regardless of enticing rates of interest, regulatory restrictions, foreign money translation frictions, and home infrastructure limitations have traditionally constrained worldwide participation.
“Having the ability to reward stablecoin holders with the rates of interest supplied by Brazil will clearly be an enormous attraction, particularly for institutional traders,” Volpon defined through the broadcast. A former official prompt that stablecoins may help demand for sovereign debt.
BRD will enter a market presently dominated by Transfero’s BRZ, which has a market capitalization of $185 million. Different rivals embody BBRL, which has a market capitalization of $51 million, BRL1, which is backed by Brazilian exchanges Mercado Bitcoin and Bitso, and cREAL, which is native to the Celo blockchain.
The brand new token positions itself as the primary bodily mounted stablecoin explicitly structured to share authorities debt yields with holders. Brazilian startup Crown raised $13.5 million in a Paradigm-led Sequence A spherical in December for the same yield token referred to as BRLV. In keeping with its devoted web site, the token has round $19 million value of reals in circulation. The listed contract handle presently exhibits solely two homeowners.
Brazil doesn’t preserve official crypto reserves
Brazil has no official authorities or central financial institution cryptocurrency belongings as of January 2026. The nation has not introduced any direct acquisition or preparation of digital belongings by way of the federal authorities, central financial institution, or Ministry of Finance.
Central Financial institution Governor Gabriel Garipolo and Director Normal of Regulation Gilnew Vivant characterised the federal government’s curiosity in cryptocurrencies primarily by way of the regulatory framework. Focus areas embody anti-money laundering compliance, shopper safety and overseas alternate monitoring, somewhat than sovereign asset accumulation.
Invoice 4501/2024 proposes to allocate as much as 5% of Brazil’s $330 billion overseas alternate reserves to Bitcoin. This equates to roughly $16.5 billion to $19 billion in Bitcoin holdings beneath the management of central banks and the Ministry of Finance.
The invoice handed its first Home listening to in August 2025 and is presently beneath committee evaluate. It should cross by way of 4 committees earlier than reaching a full Home vote. No official adoption date has been set.
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