BRD Stablecoin (BRD) pre-launch stablecoin tracker
BRD is a pre-launch Brazilian real stablecoin from CF Inovacao, backed by Brazilian Treasury bonds and structured to pass Selic-rate yield back to holders.
Phase
Current launch phase
Target launch
Earlier target retired
Target drift
2026 target retired Sep 13, 2026
Since announcement
Announced Jan 6, 2026
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSSelic-Linked Yield, In a Token
BRD is a Brazilian real stablecoin announced on January 6, 2026 by Tony Volpon, a former deputy governor of the Central Bank of Brazil, to be issued through his company CF Inovacao. The distinctive structural choice is yield: BRD is meant to be backed by Brazilian National and to pass the Selic-linked return, around 15% at announcement, back to holders rather than keep it as issuer revenue. Volpon positioned it as the first BRL token to make that the core product, aimed at institutional investors, against a field that includes Crown's Paradigm-backed BRLV. The project has not moved past the announcement. As of September 2026 CF Inovacao's website listed no BRD product page and no source had given a launch timeline, so Pharos dropped its 2026 launch expectation. The regulatory backdrop has hardened since the announcement: Brazil's stablecoin framework took effect on February 2, 2026 as BCB Resolutions 519 to 521, and Resolution 561, effective October 1, 2026, bars authorised FX providers from settling cross-border remittances in stablecoins. Until CF Inovacao publishes documents and a deployment, BRD remains a stated design rather than a product.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-19
AI policy
BRD Launch path
Announced phase, earlier target retired, none set; 3 milestones logged since Jan 6, 2026.
Target history (1)
- 2026retired Sep 13, 2026
Launch status narrative
Announced Jan 6 2026 on 'Cripto na Real' by former Brazil central bank deputy governor Tony Volpon (BCB 2015-16, ex-UBS/Nomura MD); to be issued by CF Inovacao (co-founded with Jose Carneiro in 2023), targeting institutional investors who want on-chain access to Selic-rate yield (~15%); positioned as the first BRL-pegged token to explicitly share government-debt yield with holders, competing against Crown's BRLV which raised a $13.5M Series A from Paradigm in December 2025; no formal product docs or deployment timeline yet; the BCB framework from Public Consultations 109-111 is now in force as Resolutions 519/520/521 (effective February 2 2026); BCB Resolution 561 (published Apr 30 2026, effective Oct 1 2026) further bans stablecoin/crypto settlement in regulated cross-border FX, tightening the regulatory backdrop. As of September 13 2026 the CF Inovacao website lists no BRD product page and no source has given a timeline, so Pharos removed the 2026 expectation
Launch status: quick answers
- When will BRD launch?
- Pharos records BRD in the announced phase. It was announced on Jan 6, 2026. An earlier target was retired and no target date is set. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues BRD?
- BRD is a pre-launch Brazilian real stablecoin from CF Inovacao, backed by Brazilian Treasury bonds and structured to pass Selic-rate yield back to holders.
- Is BRD live yet?
- Pharos lists BRD as pre-launch (the announced phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
BRD Activity
- Regulatory
BCB Resolution 561 bans stablecoin settlement in regulated cross-border FX
Brazil's central bank publishes Resolution 561 (effective Oct 1 2026) prohibiting authorised FX providers from using stablecoins or crypto to settle cross-border remittances, a restrictive backdrop for BRD, though it does not name CF Inovacao.
Source - Regulatory
Brazil stablecoin FX-classification regime takes effect
BCB resolutions classifying stablecoin transactions as foreign-exchange operations enter force.
Source - Announcement
Tony Volpon unveils BRD yield-sharing BRL stablecoin on 'Cripto na Real'
Former BCB deputy governor announces CF Inovacao-issued BRD, backed by Brazilian government debt with Selic-rate yield distributed to holders; positions BRD against existing BRL stablecoins and Paradigm-backed Crown BRLV.
Source
Featured coverage
Former Brazil central bank official unveils real-pegged stablecoin with yield sharing
Tony Volpon unveils BRD, a BRL token backed by Brazilian Treasury bonds with the Selic-linked yield (~15%) passed through to holders.
BRD joins Brazil's stablecoin race with yield-sharing digital real
Comparison with Transfero BRZ ($185M), BBRL ($51M), BRL1, and Crown BRLV; structural differentiation through explicit yield distribution to holders.