Latin America’s biggest bank considers internal stablecoin in the house

Ita Unibanco, the largest bank in Brazil and Latin America, explores the creation of real stablecoin because it is waiting for regulatory clarity during the public consultation of the Central Bank.

ITA Unibanco is considering to be issued in-Holse StableCoin in Brazilian law, as originally export by Valor. Speaking at a bank event in Sao Paulo, Guto Antunes, Chief of Digital Dassss in Itau Unibanco, said Stablecoins were long time ago at the radar radar bank.

“Of course, it’s always on the agenda. Stablecoins has always been on Itau’s radar. We can’t ignore Blocchain’s strength to resolve transactions” “said Antunes.

Antunes emphasized the importance of initiating the public consultation of the Central Bank (Consultation no. 111) on the Stablecoin market. He explained that you need to understand how the Central Bank will regulates the sector Before any product Stablecoin betrays.

“It depends on the consultation because we have to understand what can be done. The station market has already gained usability for the customer, but we need to know how we can progress on this topic,” comments.

Antunes also expressed support for self-esteemed stablecoin, a theme that could face restrictions under the proposed framework. As a potential compromise, he proposed a waiver system that would be central banks accessed the taxpayers’ means, and at the same time, it provides controlled self-detention.

“If it is released indiscriminate, loses the goal of preventing illegal acts,” he noticed.

Research of ITAU UNIBANCO Brazilian Real-Entered StableCoin is part of a wider trend in which banks are increasingly launching their own in-home stablecoins, drawing inspiration from American favorable attitude To these digital assets – especially after Trump decision To refuse the digital currency of the Central Bank in favor of private stablecoin.