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.
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$66,625.58
-1.36%
Ethereum
ETH
$1,952
-1.38%
Tether USDt
USDT
$0.9995
-0.01%
XRP
XRP
$1.41
-3.69%
BNB
BNB
$605.33
-1.65%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$81.1
-2.48%
TRON
TRX
$0.2800
+0.12%
Dogecoin
DOGE
$0.09768
-2.44%
Bitcoin Cash
BCH
$546.24
-2.53%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now