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Stablecoin Projects Target Brazil’s 14.5% Benchmark-Rate Carry Trade With Real-Denominated Tokens

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2026-06-09 16:10:06
Stablecoin projects are seeking to broaden access to Brazil’s 14.5% benchmark-rate carry trade by using real-denominated tokens backed by local assets.

According to NS3.AI, Crown issues BRLV, a stablecoin denominated in Brazilian reais and backed entirely by Brazilian government bonds.

The approach aims to open the carry trade to a wider pool of capital through a stablecoin structure tied to Brazil’s domestic bond market.
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