Banks worldwide are examining stablecoins and how these new assets can fit into their business models. Itaú Unibanco, the largest bank in Brazil and Latam, recently floated the possibility of issuing an in-house stablecoin to serve its over 55 million customers.
Guto Antunes, head of digital assets at Itaú declared that this interest has surged after the pivot of the U.S. government’s stance on crypto and the relevance that stablecoins have taken after being mentioned as tools to promote and protect the sovereignty of the dollar.
At a bank event, Antunes stated:
Of course, it is always on the agenda. The issue of stablecoins has always been on Itaú’s radar. We cannot ignore the power that blockchain has to settle transactions atomically.
Read more.
Brazil has taken another step backward when it comes to opening to bitcoin adoption and innovation as an investment asset. The National Monetary Council, one of the key high-level institutions that issue economic and monetary policies, has issued a resolution outright banning retirement funds from investing in cryptocurrency, referred to as “virtual assets.”
Resolution 5,202, published on March 27, amends an earlier resolution regarding the rules that supplementary pension entities must follow. It now states that these entities cannot “acquire or maintain, directly or indirectly, investments in virtual assets.”
The prohibition also applies to investing in companies that also invest in bitcoin or other digital assets, closing the loopholes available to indirectly put funds on bitcoin through companies like Strategy.
Read more.
Brazil’s Finance Ministry has reaffirmed its dedication to expanding the use of national currencies in trade between BRICS nations, according to Secretary Tatiana Rosito. Speaking Monday in an interview with the BRICS Brasil 2025 web portal in Buenos Aires, Rosito indicated that Brazil is prepared to support any initiative that reduces reliance on the U.S. dollar in intra-bloc transactions. She was quoted by Russian news agency Tass as stating:
The trade in local currencies is already underway, for example, between Brazil and China. No obstacles exist to that on the side of Brazil.
The BRICS alliance—which now includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates (UAE)—has been moving toward financial strategies that reduce external dependence. One such initiative is the creation of the New Development Bank, which Rosito highlighted as a cornerstone of this shift.
Read more.
To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam Insights newsletter below.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
