According to Bitcoin.com News, ChainCatcher reports that Itau Unibanco, Brazil's largest bank, plans to launch its own stablecoin.

The bank, which has over 55 million customers, with its digital assets head Guto Antunes stating that market interest in stablecoins has significantly grown due to changes in the US government's stance on cryptocurrencies. Antunes emphasized the advantages of blockchain technology in atomic transactions and hinted at the potential launch of a stablecoin pegged to the Brazilian Real.

Currently, Itau is studying the experiences of other banks and awaiting the emergence of Brazil's stablecoin regulatory framework. In terms of regulation, Antunes suggested adopting a balanced approach, such as creating a list of approved wallets to enhance supervision. This demonstrates the increasing acceptance of blockchain technology applications by traditional financial institutions.