Itaú Unibanco Considers Launching Its Own Stablecoin Amid Regulatory Developments

According to Odaily, Itaú Unibanco, Brazil's largest bank by assets, is exploring the possibility of issuing its own stablecoin. This consideration comes as regulatory discussions advance and U.S. financial institutions increasingly enter the digital currency space. Guto Antunes, the bank's head of digital assets, indicated that the decision might hinge on the performance of U.S. institutions in promoting stablecoins. It is noteworthy that Brazil has already prohibited large pension funds from investing in cryptocurrencies.