Brazilian stablecoin opens door to the country’s double-digit yields

Brazil’s BRLV stablecoin gives institutions a compliant way to access the country’s high bond yields amid growing global demand for real-world assets.

Crown, a São Paulo-based fintech company, has raised $8.1 million to launch a Brazilian real–denominated stablecoin designed to give institutional investors access to Brazil’s high-yield fixed-income market. 

The new stablecoin, called BRLV, could make it easier for global investors to tap the country’s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls.

BRLV is fully backed by Brazilian government bonds, which offer yields far higher than those in more mature economies. 

Read more