TechFlow, April 3 — According to Bitcoin.com News, Brazil's largest bank, Itau Unibanco, plans to launch its own stablecoin. The bank, which serves over 55 million customers, said through its digital assets head Guto Antunes that market interest in stablecoins has significantly increased following shifts in the U.S. government's stance on cryptocurrencies. Antunes emphasized the advantages of blockchain technology in atomic transactions and hinted at the potential launch of a stablecoin pegged to the Brazilian real. Currently, Itau is studying experiences from other banks and awaiting the establishment of Brazil's regulatory framework for stablecoins. On regulation, Antunes suggested a balanced approach, such as creating an approved wallet list to strengthen oversight. This move reflects growing acceptance of blockchain technology applications among traditional financial institutions.
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