4 instruments denominated in BRL, of which 1 publishes a yield. The best you can actually hold is 12.76%, in Etherfuse TESOURO Stablebond (tokenized Brazilian short-term sovereign debt).
The central bank policy rate is 14.25% (Meta para a Taxa Selic (Copom Selic target)). source
| Instrument | Ccy | Type | Yield | Size | Access | Confidence |
|---|---|---|---|---|---|---|
| Crown BRLV + BRLV Rewards program BRLV | BRL | yield-bearing stablecoin | not published | $72.95M | permissionless | verified |
| Etherfuse TESOURO Stablebond (tokenized Brazilian short-term sovereign debt) TESOURO | BRL | tokenized government debt | 12.76% | $752.30k | permissionless | verified |
| Yield Bearing BRL BRLY | BRL | yield-bearing stablecoin | not published | n/d | allowlist + KYC | verified |
| Mercado Bitcoin Renda Fixa Digital (tokenized fixed-income program) | BRL | other | not published | n/d | not established | inferred |
Known size sums only the rows where AUM was obtainable, so treat it as a floor. Yields are on different bases: some are 7-day trailing, some are 30-day, some are the issuer's own displayed number, some are a supply APR that moves every block. Each row states its basis. Comparing them without reading the basis is how people get this wrong.