CoinVoice has learned that, according to CoinDesk, former director of the Central Bank of Brazil, Tony Volpon, announced the launch of a Brazil government bond-backed stablecoin BRD, offering an interest rate of approximately 15%, the same as the Brazilian Real.
The stablecoin BRD is issued to boost demand for Brazilian government bonds and reduce the borrowing costs for the Brazilian government.
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CoinVoice has learned that, according to CoinDesk, former director of the Central Bank of Brazil, Tony Volpon, announced the launch of a Brazil government bond-backed stablecoin BRD, offering an interest rate of approximately 15%, the same as the Brazilian Real.
The stablecoin BRD is issued to boost demand for Brazilian government bonds and reduce the borrowing costs for the Brazilian government.