---
title: "BRD Stablecoin (BRD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/brd-volpon/"
description: "Build-time stablecoin profile for BRD Stablecoin (BRD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# BRD Stablecoin (BRD)

**Peg:** Brazilian Real

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

BRD is a pre-launch Brazilian real stablecoin from CF Inovacao, backed by Brazilian {{term:treasury}}Treasury bonds{{/term}} and structured to pass Selic-rate yield back to holders. BRD is a BRL stablecoin announced January 6 2026 by Tony Volpon, a former deputy governor of the Central Bank of Brazil, through his company CF Inovacao. The distinctive structural choice: BRD is backed by Brazilian National Treasury bonds and explicitly designed to pass the Selic-linked yield (currently around 15%) back to holders, rather than retaining it as issuer revenue. That is the same model Crown's BRLV already operates in institutional channels — Crown raised $13.5M from Paradigm in December 2025 — but BRD is positioning as the first to make {{term:yield-bearing}}yield-sharing{{/term}} the primary product framing rather than a niche feature. The competitive set in Brazilian BRL stablecoins is small but real: Transfero BRZ ($185M), BBRL ($51M), BRL1, plus cREAL on Celo. The harder gate is Brazilian regulation: BCB's FX-classification regime took effect February 2 2026 and final Consulta Publica 111 output is still pending, which is why Volpon has not published a launch date alongside the announcement.

## Collateral

Brazilian National Treasury bonds (LTN/NTN-B); yield from the Selic-linked rate (currently ~15%) is structured to be shared with token holders

## Peg Mechanism

1:1 mint/redemption against BRL subscriptions held in trust at CF Inovacao S.A.; the underlying Treasury-bond portfolio is the reserve, and accrued interest is passed back to holders rather than retained by the issuer

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Brazil | Banco Central do Brasil (Consulta Publica 111 pending) | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.