PANews reported on May 15 that according to The Defiant, several Brazilian government sources familiar with the plan revealed that Brazilian government officials are considering issuing the country's first sovereign bond denominated in RMB. Currently, this move is still under consideration and no final decision has been made. The potential plan to issue RMB-denominated sovereign bonds will be a significant development in Brazil's financial strategy. At the same time, as part of the new cryptocurrency regulatory framework, the Central Bank of Brazil has proposed strict regulation of stablecoin transfers. These proposed rules include restrictions on sending stablecoins to wallets controlled by non-Brazilian entities, reflecting the country's tightening stance on domestic cryptocurrency transactions.