Brazil's largest bank is considering issuing its own stablecoin

On April 3rd, according to CoinDesk, Ita ú Unibanco, Brazil's largest bank, is exploring the possibility of issuing its own stablecoin. As regulatory discussions continue, US financial institutions are also gradually entering this field. Guto Antunes, head of digital assets at Ita ú, stated that this decision may depend on the performance of US institutions in launching stablecoins. At an industry event in S ã o Paulo, Antunes mentioned that blockchain based settlement systems are rapidly developing.