Itaú Unibanco Considers Launching Stablecoin as Regulatory Landscape Evolves

Brazil’s leading bank, Itaú Unibanco, is weighing the creation of its own stablecoin, according to a report by Odaily. This potential move follows regulatory developments and a growing trend of U.S. financial institutions exploring digital currencies. Guto Antunes, the bank’s head of digital assets, highlights that the decision may be influenced by the success of U.S. institutions in establishing a presence within the stablecoin market. Notably, Brazil has already implemented restrictions on large pension funds investing in cryptocurrencies.