Former Brazil Central Banker Tony Volpon Unveils BRD, a Real-Pegged Stablecoin That Shares Yield

The token routes interest from National Treasury bonds to holders under FX-style rules that take effect Feb. 2, 2026.

Overview

Volpon announced BRD on CNN Brasil’s “Cripto na Real” and said CF Inovação will be the issuer.
BRD is designed to maintain a 1:1 peg to the real with reserves in National Treasury bonds intended to pass through returns linked to Brazil’s 15% Selic rate.
The project targets institutional and foreign investors seeking streamlined exposure to Brazilian government debt through a digital instrument.
Brazil’s central bank has classified stablecoin activity as foreign-exchange operations, bringing FX-style oversight for providers starting Feb. 2, 2026.
BRD enters a niche that includes Transfero’s BRZ and Braza Bank’s BBRL, alongside Crown’s yield-bearing BRLV backed by a recent $13.5 million Series A, with real-pegged tokens showing roughly $20 million in combined on-chain circulation.