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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Silver price today: Silver broadly unchanged, according to FXStreet data
Strategy CEO Phong Le says MSCI exclusion has little impact, about 3% of stocks are related to the index
EUR/USD: ECB hawks lag Fed – ING
US Dollar: Resilient as Fed stays hawkish – TD Securities
Crypto prices
More
