Vanessa
Itaú Unibanco, the largest bank in Brazil and Latin America, is actively considering the issuance of an in-house stablecoin as digital assets gain traction in the financial sector.
The bank’s leadership has emphasized the growing importance of blockchain technology for transaction settlement and is assessing how stablecoins could integrate into its business model.
The potential for a stablecoin tied to the Brazilian real remains on the table, with Itaú Unibanco exploring whether such an asset would benefit its customers.
The bank is also closely monitoring stablecoin developments at other financial institutions, as well as ongoing regulatory efforts in Brazil that will shape the future of these digital assets.
Stablecoins have emerged as a dominant force in global finance, playing a crucial role in U.S. and Brazilian markets by facilitating crypto transactions. With the U.S. government signaling a shift in its stance on crypto and the upcoming introduction of stablecoin legislation, financial institutions worldwide are reassessing their strategies.
In Brazil, regulators are considering restrictions on self-custody for stablecoins, a move aimed at preventing illicit activities. Itaú Unibanco supports a balanced approach. It suggests that a regulated list of approved self-custody wallets could offer oversight while preserving user autonomy.
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Vanessa has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
