Brazil's largest bank is considering issuing its own stablecoin

BlockBeats News, April 3rd, according to CoinDesk, Brazil's largest bank Itaú Unibanco is exploring whether to issue its own stablecoin, as regulatory discussions progress, U.S. financial institutions are also gradually entering the field.

Itaú's Head of Digital Assets, Guto Antunes, stated that this decision may depend on the performance of U.S. institutions in launching stablecoins. At an industry event in São Paulo, Antunes mentioned that blockchain-based settlement systems are rapidly evolving.