
Bitcoin.com News|Apr 03, 2025 09:31
Banks worldwide are turning their attention to stablecoins, and Itau Unibanco, Brazil's largest bank, is leading the charge! 🇧🇷 With over 55 million customers, they're exploring the possibility of launching their own stablecoin!
Guto Antunes, head of digital assets at Itau, highlights that interest has surged following the U.S. government's evolving stance on crypto. Stablecoins are now seen as vital tools for promoting the sovereignty of the U.S. dollar!
Antunes emphasizes the power of blockchain for atomic transactions and even hints at a Brazilian real stablecoin! But first, Itau is studying other banks' experiences and awaiting stablecoin regulations in Brazil.
Stablecoins are the hot topic, proving their value in both the U.S. and Brazil! Antunes also advocates for a balanced approach to self-custody regulations, suggesting a list of approved wallets for oversight.
What do you think about banks embracing stablecoins? Let us know your thoughts! 💬
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