Nubank Co-Founder Launches Real-Backed Stablecoin Paying Interest to Holders – Here’s What You Need to Know (2025 Update)

• Why Is This Stablecoin Launch Making Waves?
• How Does the Yield Mechanism Work?
• Competitive Landscape: Can It Challenge USDT Dominance?
• What Are the Risks?
• Adoption Metrics to Watch
• Expert Take: BTCC’s Analysis
• FAQ Section

In a bold move shaking up Brazil’s crypto scene, Nubank co-founder has unveiled a groundbreaking stablecoin pegged 1:1 to the Brazilian Real (BRL) with an innovative twist—it pays yield directly to holders. Launched on October 16, 2025, this financial hybrid aims to bridge traditional banking with DeFi, offering both stability and passive income. We break down how it works, its competitive edge against USDT and USDC, and why analysts at BTCC believe this could trigger a Latin American stablecoin revolution.

Why Is This Stablecoin Launch Making Waves?

Unlike typical stablecoins that merely mirror fiat values, this BRL-pegged asset automatically distributes interest generated from its reserve assets—a first for emerging market currencies. The project leverages Nubank’s existing 90 million-strong customer base in Latin America, potentially creating instant mass adoption. According to CoinMarketCap data, Brazil already ranks 3rd in global crypto adoption, making this timing strategic.

How Does the Yield Mechanism Work?

The stablecoin’s reserves are invested in short-term Brazilian government bonds (Tesouro Direto) and high-grade corporate debt, currently yielding ~12.5% annually. Holders receive 80% of these returns weekly via smart contracts, while 20% goes to protocol maintenance. For context, USDC holders earn 0% by default unless they stake on centralized platforms like BTCC.

Competitive Landscape: Can It Challenge USDT Dominance?

Tether (USDT) controls 68% of Brazil’s crypto trades per TradingView metrics, but high USD-BRL volatility creates demand for local alternatives. The new stablecoin offers three unique advantages:

• Tax Efficiency: No 15% capital gains tax on BRL conversions
• Yield Transparency: Real-time reserve audits via Chainlink
• Banking Integration: Direct swaps between Nubank accounts and wallets

What Are the Risks?

Brazil’s central bank has historically been skeptical of private monetary instruments. However, the project’s compliance head—a former BCB regulator—ensures adherence to new LIFT regulations. Reserve custody is split between Itaú Unibanco and Swiss-based Sygnum Bank for redundancy.

Adoption Metrics to Watch

Within 24 hours of launch, the stablecoin achieved:

Expert Take: BTCC’s Analysis

"This could pressure Brazil’s CBDC project Drex to accelerate," notes BTCC’s Latin America markets lead. "The yield feature addresses BRL’s chronic depreciation—since 2020, the Real lost 28% against USD. If successful, we may see similar models in Mexico and Argentina."

FAQ Section

How does this differ from Nubank’s existing crypto offerings?

Unlike Nubank’s Bitcoin/ETF products, this is a native blockchain token with programmable yield—more akin to MakerDAO’s DAI but with centralized collateral.

Can international investors participate?

Currently limited to Brazilian CPF holders, but cross-border functionality is planned for Q1 2026 via BTCC’s global platform.

What’s the minimum holding period for yield?

No lock-up periods—interest accrues hourly and compounds weekly.