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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Brazil's largest bank Itaú Unibanco is considering launching a stablecoin.
According to the Gate.io News bot, CoinDesk reported that Brazil's largest bank, Itaú Unibanco, is evaluating plans to launch its own stablecoin. Guto Antunes, head of digital assets at Itaú, pointed out that the implementation of this plan is related to the progress of U.S. institutions in the field of stablecoins.
Currently, Brazilian regulators are exploring integration plans for stablecoins with the existing financial system through the "Consulta Pública No. 111" public consultation project. At the same time, Brazil has implemented a ban on cryptocurrency investments for large pension funds.