Chuyên gia cựu quan chức Ngân hàng Trung ương Brazil đề xuất stablecoin BRD: Thử nghiệm mới với đảm bảo bằng trái phiếu chính phủ + lợi suất 15%

【Block Rhythm】Brazil’s stablecoin experiment has a new development. A former central bank executive recently launched the BRD project, with the core idea of issuing stablecoins backed by government bonds. This design is quite interesting — since Brazilian government bonds can provide investors with 15% annualized returns, why not write this yield into the stablecoin?

To put it plainly, this is financial leverage. Using stablecoins as a liquidity tool to boost demand for government bonds, while in turn helping the government reduce borrowing costs. For users, holding coins generates returns; for the government, financing costs decrease. This win-win scenario sounds good, but the key question is whether this 15% promise can be consistently delivered in actual execution.