Brazil's largest bank Itau Unibanco plans to launch stablecoins

According to Golden Finance, Brazil's largest bank Itau Unibanco plans to launch its own stablecoin. The bank has over 55 million customers, and its head of digital assets, Guto Antunes, stated that interest in stablecoins has significantly increased as the US government shifts its stance on cryptocurrency. Antunes emphasizes the advantages of blockchain technology in atomic transactions and suggests the possibility of launching a stablecoin pegged to the Brazilian real. Currently, Itau is studying the relevant experiences of other banks and waiting for the introduction of Brazil's stablecoin regulatory framework. In terms of regulation, Antunes suggests adopting a balanced approach, such as developing an approved wallet list to strengthen supervision. This move demonstrates the increasing acceptance of blockchain technology applications by traditional financial institutions.