Former Brazil Central Bank official Tony Volpon announced BRD, a stablecoin pegged to Brazil’s currency that shares interest earned from its government bond reserves with holders. The product enters a market where Brazil’s benchmark Selic interest rate stands at 15%, the highest level since July 2006. Volpon’s company CF Inovação will issue BRD, targeting large financial institutions seeking access to Brazil’s high-yield government debt through a digital token structure. The announcement came during th ...