The institutional rail between Brazil and the world.
Brazil
Joined December 2025
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WTF HAPPENED IN TURKEY AND WHY EVERY BRAZILIAN SHOULD KNOW THIS 🇹🇷🇧🇷
In 2010, $1 bought 1.50 Turkish lira.
Today it buys 48.
The lira lost over 95% of its value in 16 years. No war. No default. No hyperinflation.
Just a government that decided to cut interest rates by force 🧵
Brazil's defenses, and their limits.
🇧🇷 Floating FX and inflation targeting since 1999
🇧🇷 Central bank autonomy in law since 2021, with fixed board mandates that don't coincide with the president's
🇧🇷 Reserves above the government's external debt
🇧🇷 Public debt overwhelmingly in reais
The honest caveat: the real also weakened, from R$1.75 in 2010 to ~R$5.10 today. But the real lost ~3x. The lira lost 30x+.
And Turkey had independence on paper too. Laws can be changed.
Brazil's Copom decides its next move tomorrow.
🇹🇷 Policy rate: 37%
🇧🇷 Selic: 13.75%
The higher number is the worse deal. A rate is only worth what the institution behind it is worth.
Brazil pays ~9.5% in real terms, set by a central bank that can say no to the president. That's the sovereign yield sBRD brings onchain.
brd.digital
1/ Yesterday, Oct 30, was the deadline for existing virtual-asset operators in Brazil to apply for VASP authorization under Res. BCB 519-521.
We didn't file.
We didn’t give up on Brazil, rather, the product we're launching isn't one of the things this framework regulates.
5/ How to deposit: brd.digital and and soon to be announced partners.
Disclaimer: 6-7% APY isn’t fixed, following variable Brazilian rates, hedge costs and long-term targets.
BRD Digital retweeted
Stablecoins, payments and Fintech are one of the hottest topics in crypto right now, and the Crypto World’s Fair at @colosseum showed it. Here is my pick of the most interesting projects 👇
Stablecoins & Payments
@BRD_Digital – regulated Brazilian real stablecoin with yield from Brazilian bonds
@0xCurvy – privacy layer for stablecoin payments, one SDK for apps and wallets
@defaprimitive – turns real-world invoices into stable yield
@gloamtrade – private balances and payments that anyone can still verify
@norafinancexyz – Brazilian real stablecoin for neobanks, ramps and DeFi
@pollar_xyz – lets any Solana app charge users in their local currency
@ROZOai – pay for AI and dev tools with the crypto you already hold
Fintech
@Multihopper – private transfers on your own terms: you pick the path and the timing, and your funds are never mixed with anyone else’s
@AnodosFinance – self-custody money app that feels like a normal bank app
@apys_co – earn interest on stables and turn it into tokenized stocks
@aventivefinance – rewards tools to bring traders in and keep them
@deloraprotocol – move and convert any asset across chains with a few lines of code
@edenfi_onchain – money app for Africa and its diaspora
@trystable – stablecoin backed by US mortgage loans
@xplaceapp – spend with a card backed by your portfolio, without selling it
Honorable Mention:
PayMoji by @RonShanKyo
@looftaxyz
@Effisend_
@izuki_fi
@fairdotclub
Stop the count!!
Brazil's Treasury cancelled this week's fixed-rate and inflation-linked auctions after long DI rates jumped up to 182bps in a day.
It kept one: LFT, the Selic-linked bond.
The floating leg was the only auction left standing.
LFT pays the Selic: 13.75%. Inflation is 4.57%. A real rate near 8.8%, anchored to the overnight rate, not to an auction.
BRD reserves sit in LFT-linked instruments.
The caveat: the Selic is in a cutting cycle, and floating yield follows it down.
brd.digital