Brazil’s BRLV Stablecoin Opens Access to High Bond Yields
Crown, a São Paulo-based fintech, has raised $8.1 million to launch a Brazilian real–denominated stablecoin, BRLV, targeted at institutional investors seeking access to Brazil’s high-yield government bonds. BRLV is fully backed by Brazilian government bonds, which currently offer yields of about 14%, compared to much lower rates in developed markets. The token aims to simplify foreign investment in Brazil’s fixed-income market, addressing challenges such as bureaucracy, tax complexity, and currency conversion. Unlike most stablecoin issuers, Crown will share income from bond yields with institutional partners. The funding round was led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, and Paxos. Brazil is a major stablecoin market, with over 90% of $318.8 billion in recent crypto transactions involving stablecoins, supported by friendly regulations and widespread institutional adoption. However, the Central Bank of Brazil has expressed concerns about foreign currency–backed stablecoins and their impact on capital flows and monetary policy. Other real-pegged stablecoins, including BRL1 and BRZ, are also active in the country.
