Brazil’s Largest Bank Itaú Considers Launching Its Own Stablecoin

Brazil’s Largest Bank Itaú Considers Launching Its Own Stablecoin

Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector.The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Itaú. At an industry event in São Paulo, Antunes cited the growing momentum behind blockchain-based settlement systems.“Ita…

Survey Shows 42% of Brazilian Investors Have Bought Crypto

Main Takeaways:- Investors said they hope that crypto will give them a high chance of making a “big” return on their investments.  According to the new survey report, approximately half of the Brazilian investors have invested their money into crypto. Most of the people in Latin America are starting to adopt this. Approximately most of the survey participants said that they were turning to crypto in the chance of making “big” returns on their s…

Brazil’s largest lender becomes latest TradFi institution to consider launching its own stablecoin

Brazil’s largest bank, Itaú Unibanco, is considering launching its own stablecoin, making it the latest major traditional financial institution to announce similar plans. The bank’s decision will depend on how Brazil’s regulatory framework evolves and how similar initiatives by major international institutions perform, local media reported. Global trend The move comes amid a wave of…

Brazil's Largest Bank Considers Stablecoin

Brazil’s financial landscape is witnessing a significant shift with the rising prominence of cryptocurrencies, particularly stablecoins. The nation’s largest bank is contemplating the introduction of its stablecoin. However, this initiative hinges on forthcoming regulatory frameworks from the Central Bank of Brazil, which has signaled intentions to regulate stablecoins by 2025. The Surge of Stablecoins in Brazil In recent years, Brazil has exper…

Brazil’s Itaú explores stablecoin launch as US shifts toward private tokens

US lawmakers have backed private stablecoins over a central bank digital currency. Brazil has opened Consulta Pública No. 111 to gather public views on stablecoins. A proposed self-custody ban in Brazil’s draft rules has raised concerns. Brazil’s biggest bank by assets, Itaú Unibanco, is assessing the potential launch of its own stablecoin amid growing momentum in global blockchain settlement systems and shifting regulatory landscapes. While s…

Itaú Unibanco, the largest bank in Brazil, is looking at the stablecoins and is waiting for regulatory advances to make a decision on whether to issue its own token. *** Itaú Unibanco, the largest bank in Brazil, explores issuing its own stablecoin. It is waiting for regulations and meanwhile observes the experience of other banks. Financial institutions move to integrate cryptocurrencies into their traditional systems. Itaú has already incorpor…