🇧🇷 Itau, Brazil's largest bank, is exploring the issuance of a stablecoin, highlighting the growing interest in these assets in Latin America! However, regulatory challenges loom, with a proposal that could ban Brazilians from using stablecoins in self-hosted wallets. This could push users underground and create a shadow economy instead of ensuring oversight. Exchanges would face stricter compliance, raising operational costs, and potentially banning access to decentralized finance protocols. Critics argue that enforcing such measures is nearly impossible given the size of Brazil's crypto market. Even Coinbase is advocating for less intrusive regulations, emphasizing that stablecoins are vital for the future of decentralized finance. What do you think about the future of stablecoins in Brazil? Let us know! 💬