Stablecoin

Bank

2024

Crown

Valor

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.&nbsp;
The new stablecoin, called BRLV, may 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.&nbsp;
According to TradingEconomics, the 10-year Brazilian government bond yield is about 14%, after recently peaking near 15.2%. That has made Brazil one of the most attractive sovereign bond markets globally, though foreign investors often face bureaucracy, complex tax rules and currency-conversion hurdles when trying to invest directly.
The yield on government bonds is shaped by market expectations around the Central Bank of Brazil’s <a href="https://www.bcb.gov.br/controleinflacao/historicotaxasjuros" rel="noopener noreferrer nofollow" target="_blank">benchmark Selic rate</a>, which currently stands at 15% after a series of increases this year aimed at containing inflation.
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199e441-9de5-71f5-9b13-28cb72496737" title="" alt="Brazilian stablecoin opens door to country’s double-digit yields">
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 Brazil 10-year government bond yield. Source: <a href="https://tradingeconomics.com/brazil/government-bond-yield" rel="noopener noreferrer nofollow" target="https://tradingeconomics.com/brazil/government-bond-yield">TradingEconomics</a>
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By issuing a tokenized version of the real backed by government debt, Crown said it wants to simplify access to the country’s fixed-income market and provide a digital alternative for holding BRL-linked assets.
“The safest way to manage stablecoin reserves and ensure every token is fully backed is to invest those reserves in government bonds,” said John Delaney, Crown’s co-founder and CEO.&nbsp;
“Whereas most stablecoin issuers retain this income for themselves, we wanted to make the model fairer for our institutional partners” through an income-sharing mechanism, he added.
Crown’s funding round was led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Paxos and others.&nbsp;
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 <img alt="Brazilian stablecoin opens door to country’s double-digit yields" src="https://s3.cointelegraph.com/uploads/2025-10/0199e442-686b-78b9-b4ce-d707acb2cc0a" title="">
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 Crown’s founding team: Source: Crown
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Related: <a href="https://cointelegraph.com/news/uptober-us-brazil-bitcoin-miners-global-express" rel="noopener noreferrer nofollow">‘Uptober’ starts with US shutdown, Brazil wants Bitcoin miners: Global Express</a>
<h2 id="brazil-emerges-as-a-key-market-for-stablecoins">Brazil emerges as a key market for stablecoins</h2>
While Crown’s BRLV aims to expand foreign investor access to Brazilian assets, the country itself has become one of the region’s <a href="https://cointelegraph.com/news/stablecoin-adoption-brazil-central-bank" rel="noopener noreferrer nofollow" target="_self">most active markets for stablecoins</a>.
According to <a href="https://www.chainalysis.com/blog/latin-america-crypto-adoption-2025/" rel="noopener noreferrer nofollow" target="_blank">Chainalysis</a>, Brazil led Latin America with $318.8 billion in crypto transactions received between July 2024 and June 2025, driven in part by relatively supportive regulations. The report found that more than 90% of Brazil’s crypto transaction volume involves stablecoins, underscoring their growing role in payments and cross-border transfers.
Institutional participation has also played a major role in the country’s crypto adoption, with banks, fintechs and payment providers integrating blockchain infrastructure into their services.
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199e441-a606-7453-a144-f838da038dfb" title="" alt="Brazilian stablecoin opens door to country’s double-digit yields">
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 Large institutions have played a leading role in Brazil’s crypto market. Source: Chainalysis
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Still, the Central Bank of Brazil has raised concerns about the use of US dollar–backed stablecoins, warning that they may contribute to volatility in capital flows and undermine monetary policy.
“Capital flows become more volatile [...] essentially because almost anyone can use stablecoins to send money in and out of the country,” Deputy Governor Renato Gomes of the Central Bank of Brazil said earlier this year, according to <a href="https://www.reuters.com/world/americas/stablecoins-stoke-volatility-brazil-capital-flows-says-central-banker-2025-05-20/" rel="noopener noreferrer nofollow" target="_blank">Reuters</a>.
Brazil is also home to several real-pegged stablecoins, including BRL1, a consortium-backed token offered by exchanges such as Bitso, and BRZ, issued by Transfero. Both are fully backed by fiat reserves and designed to maintain a 1:1 peg with the Brazilian real.
Related: <a href="https://cointelegraph.com/news/stablecoin-market-hits-300b-may-fuel-crypto-rally" rel="noopener noreferrer nofollow">Stablecoin market boom to $300B is ‘rocket fuel’ for crypto rally</a>

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

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