2026-01-07 18:32:56

Brazilian Central Bank former director Tony Walmon recently announced the launch of a stablecoin product, BRD, fully backed by Brazilian government bonds. The unique aspect of this scheme is that token holders can earn the same returns as assets linked to the Brazilian real—approximately 15% annualized interest rate.

From a market perspective, this is not only an innovative exploration of stablecoin models but also reflects the trend of integrating traditional financial instruments with Web3 technology. Backed by government bonds, BRD aims to address the core security concerns of stablecoins while providing investors with a competitive yield mechanism.

For the Brazilian government, this scheme is expected to stimulate citizen demand for government bonds, thereby improving bond liquidity and ultimately helping to reduce the government's financing costs. This "stablecoin + government bond" combination model could serve as a reference for other emerging markets. As more countries explore the integration of digital assets and sovereign bonds, the application scenarios for stablecoins are continuously expanding.

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LowCapGemHunter

· 16h ago

15% annualized? This feels like the token issuer wants to try something new again... Government bond backing sounds safe, but can it really be兑现?

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LayerZeroHero

· 01-07 19:03

15% annualized? What kind of stablecoin is this? It feels a bit too good to be true.

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LiquidationOracle

· 01-07 18:57

15% annualized? That sounds like a huge pie in the sky; you need to read the terms carefully.

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MetaverseVagabond

· 01-07 18:56

15% annualized? Is this return really legit? It feels a bit suspicious. The government bond backing sounds good, but what about the policy risk on the Brazil side? Stablecoins + government bonds... how long can this strategy last? A former central bank official coming out to do this, does the government really trust it? Wait, isn't this a disguised tokenization of government bonds? Seems a bit interesting. 15% APY directly outperforms other stablecoin projects, but what about the risks? Emerging markets are all watching. If Brazil's move succeeds, there will definitely be a wave of follow-ups. It sounds like a new approach to solving liquidity issues, but it depends on how the actual implementation goes.

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LightningPacketLoss

· 01-07 18:53

15% annualized? Damn, this return is pretty fierce Government-backed stablecoins, this idea is quite fresh... but can the Brazilian government hold up? Once again, the national team is stepping in, Web3 is becoming more mainstream If this can really be implemented, emerging markets will probably follow suit... just worried it might be all talk on paper Stablecoins are finally getting some serious use cases, not just about cutting the leeks Feels a bit like a disguised QE... Is Brazil printing money? 15%, I need to take a closer look to see if there are any traps... Too good to be true usually has tricks Central bank officials are personally involved, are they serious this time? Wait, if that's the case, what's the difference between stablecoins and bonds... Just want to know when this thing can be used, is it really happening or just another concept

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not_your_keys

· 01-07 18:45

15% annualized? What kind of stable coin can promise such returns... A government bond endorsement sounds reliable, but has it actually been put on the blockchain? Wait, was this done by a former director of the Brazilian Central Bank? What does the current central bank think about this... It's both a stablecoin and high yield, and you still have to guard against black swans. Emerging markets need to figure out this trick.

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