Brazilian bank Itaú Unibanco announces exploration of issuing stablecoins
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Itaú Unibanco, the largest bank in Brazil by asset size, is exploring the possibility of issuing its own stablecoin as regulatory discussions progress and U.S. financial institutions gradually enter this field. Guto Antunes, the bank's digital assets head, stated that this decision might depend on the performance of U.S. institutions in promoting stablecoins. It is worth noting that Brazil has already banned large pension funds from investing in cryptocurrencies. (CoinDesk)
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