Brazil’s Leading Bank Explores Stablecoin Launch While Cautiously Awaiting Regulatory Guidelines
Key Takeaways: Brazil’s mega bank Itaú Unibanco is exploring a stablecoin launch. Itaú sees stablecoins as a way to enable atomic transactions, minimizing fraud risks. The bank remains cautious as Brazil’s central bank reviews a draft proposal that could restrict stablecoins. Itaú Unibanco, Brazil’s largest bank—with over 55 million customers—is exploring the creation of a […]