Brazil's largest bank Itau Unibanco plans to launch its own stablecoin. With over 55 million customers, the bank's digital assets director Guto Antunes stated that as the US government's stance on cryptocurrencies shifts, the market's interest in stablecoins has significantly increased. Antunes emphasized the advantages of blockchain technology in atomic transactions and hinted at the possibility of launching a stablecoin pegged to the Brazilian real.

Currently, Itau is studying the experiences of other banks and waiting for the regulatory framework for stablecoins in Brazil to be established. In terms of regulation, Antunes suggested taking a balanced approach, such as creating an approved wallet list to strengthen supervision. This move demonstrates the increasing acceptance of blockchain technology applications by traditional financial institutions.