Latin America’s biggest bank considers in-house real stablecoin

Itaú Unibanco, the largest bank in Brazil and Latin America, explores the creation of a real -display stablecoin while it awaits the regulatory clarity of the current public consultation of the Central Bank.

Itaú Unibanco plans to emit a stable innerly fixed to the real Brazilian, as originally reported by Valor. Speaking during a banking event in São Paulo, Guto Antunes, the chief of the Digital Dsset of Itaú Unibanco, said that the stablecoins have long been on the bank’s radar.

“Of course, it’s always on the agenda. The stablecoins have always been on the Itaú radar. We cannot ignore the power of the blockchain to settle transactions atomically,” said Antunes.

Anunes highlighted the importance of launching a public consultation of the Central Bank (consultation n ° 111) on the StableCoin market. He explained that it is necessary to understand how the central bank regulate the sector Before any stablecoin product was issued.

“It depends on the consultation because we must understand what can be done. The StableCoin market has already acquired a conviviality for the customer, but we must know how we can progress on the subject, ”he comments.

Annunes has also expressed its support for the self-care of Stablecoins, a subject that can face restrictions in the proposed framework. As a potential compromise, he suggested a renunciation system that would give the Central Bank access to taxpayers’ assets while allowing controlled self -guard.

“If he is released without discrimination, he loses the goal of warning illicit acts,” he said.

The exploration by Itaú Unibanco of a Brazilian Brazilian Stablecoin is part of the broader trend where banks are increasingly launching their own stable stables in internal, inspired by the We have a favorable position on these digital assets, especially after decision To reject a digital currency of the central bank in favor of private stables.