Brazil's largest bank Itau Unibanco plans to launch a stablecoin

2025-04-03 17:45:05

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ChainCatcher news, according to Bitcoin.com News, Brazil's largest bank Itau Unibanco plans to launch its own stablecoin.

The bank has over 55 million customers, and its digital assets head Guto Antunes stated that interest in stablecoins has significantly increased with the U.S. government's shift in stance on cryptocurrencies. Antunes emphasized the advantages of blockchain technology in atomic transactions and hinted at the possibility of launching a stablecoin pegged to the Brazilian real.

Currently, Itau is researching the relevant experiences of other banks and waiting for the establishment of a regulatory framework for stablecoins in Brazil. Regarding regulation, Antunes suggested adopting a balanced approach, such as creating a list of approved wallets to enhance oversight. This move demonstrates the growing acceptance of blockchain technology applications by traditional financial institutions.

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