Former Central Bank Official of Brazil Launches BRD Stablecoin, Backed by Brazilian Treasury Bonds
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$65,620.37
-2.68%
Ethereum
ETH
$1,839.14
-3.00%
Tether USDt
USDT
$0.9986
+0.00%
BNB
BNB
$626.95
-4.82%
USDC
USDC
$0.9997
+0.00%
XRP
XRP
$1.22
-0.66%
Solana
SOL
$72.65
-3.87%
TRON
TRX
$0.3337
-0.52%
Hyperliquid
HYPE
$75.06
+9.07%
Dogecoin
DOGE
$0.09268
-1.59%
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