Brazil's High-Yield Stablecoin Revolution: BRD Brings Sovereign Bond Returns to Crypto

Tony Volpon, who was once a director at the Central Bank of Brazil, has created BRD, a cutting, edge stablecoin linked 1:1 to the Brazilian real (BRL) and completely secured by Treasury bonds.

In contrast to regular stablecoins, BRD has a feature where it shares its yield, meaning that the interest earnings from the high Selic benchmark rate in Brazil, currently at 15%, are directly passed on to the token holders. This is the first blockchain, based exposure to the returns of sovereign debt.

This interest, paying characteristic makes BRD stand out from no, interest rivals like Transfero's BRZ (with a ~$185M market cap) and BBRL (~$51M market cap), at the same time, it can overcome issues such as regulatory restrictions, capital controls, and currency frictions that are commonly used as reasons for retarding foreign investors. In a scenario where Brazil's rates are much higher than US Fed's 3. 5%, 3. 75%, BRD is an institution's choice if they are looking for high, stable returns on tokenized government bonds.

The announcement was made on January 6, 2026, through the "Cripto na Real" program of CNN Brasil, and Volpon's project is among the ways of increasing global demand for Brazilian debt, thus potentially lowering government borrowing costs.

BRD is among such initiatives as Crown's BRLV (with ~$19M in circulation after raising $13. 5M), and it is another proof of the growing trend in the emerging markets: the tokenization of high-yield assets to attract international capital.