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.
STORY CONTINUES BELOW
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