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Former Brazilian Central Bank Official Launches Stablecoin BRD Backed by Brazilian Bonds

Summary: In a recent announcement, former director of the Brazilian Central Bank, Tony Wolpon, revealed the launch of stablecoin BRD backed by Brazilian bonds, offering a similar interest rate of around 15% as the Brazilian Real. The issuance of stablecoin BRD aims to boost demand for Brazilian bonds and reduce the borrowing costs for the Brazilian ...

In a recent announcement, former director of the Brazilian Central Bank, Tony Wolpon, revealed the launch of stablecoin BRD backed by Brazilian bonds, offering a similar interest rate of around 15% as the Brazilian Real. The issuance of stablecoin BRD aims to boost demand for Brazilian bonds and reduce the borrowing costs for the Brazilian government.

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