Tony Volpon, former director of Brazil's central bank, has announced the launch of a new stablecoin, BRD, which is pegged to the Brazilian real. The stablecoin is backed by Brazilian Treasury bonds and offers holders exposure to local interest rates, currently at 15%. Volpon stated that BRD aims to provide overseas investors with easier access to Brazil's high-interest market, potentially increasing demand for Brazilian government bonds and reducing government financing costs.