By issuing BRLV, a stablecoin backed exclusively by Brazilian government bonds that delivers native yield rewards to qualifying holders, Crown channels on-chain capital into Brazilian Treasuries. Just as U.S. stablecoin issuers have become major buyers of U.S. debt, Crown expects to become one of the largest buyers and, ultimately, one of the largest holders of Brazilian sovereign debt.

This model directly supports Brazilian government and central bank priorities by:
- Enhancing demand for sovereign debt: Increased, stable demand for Brazilian Treasuries can help lower funding costs and contribute to fiscal stability.
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- Promoting financial inclusion: Digital access to safe, yield-generating government-backed assets broadens participation in Brazil’s financial system.
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- Strengthening monetary policy transmission: Deepening the sovereign debt market improves the efficiency of monetary policy, while also supporting currency stability and liquidity.
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Conclusion

The rise of stablecoin issuers as major holders of U.S. Treasuries is not an anomaly, it’s a structural evolution in how the financial system works. Digital assets are becoming a critical part of sovereign debt demand at scale.Crown seeks to replicate this dynamic in Brazil, aligning the growth of digital financial infrastructure with the long-term stability and strength of the Brazilian sovereign debt market.