Brazil Ex-Central Banker Launches BRL-pegged Stablecoin with Yield Sharing

A former high-ranking official from Brazil's Central Bank has introduced a novel stablecoin, NBR, which is pegged 1:1 to the Brazilian Real (BRL). The key innovation of this digital asset is its built-in yield-sharing mechanism. A portion of the treasury's returns generated from backing assets will be distributed directly to NBR holders. This move aims to bridge traditional finance with digital assets, offering stability against local currency volatility while providing a passive income stream, potentially accelerating crypto adoption in Latin America's largest economy.