{"id":20401,"date":"2025-04-03T12:16:56","date_gmt":"2025-04-03T12:16:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20401"},"modified":"2025-04-03T12:16:56","modified_gmt":"2025-04-03T12:16:56","slug":"brazils-largest-bank-itau-unibanco-mulls-its-own-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20401","title":{"rendered":"\u2028Brazil\u2019s Largest Bank Ita\u00fa Unibanco Mulls its Own Stablecoin"},"content":{"rendered":"
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Ita\u00fa Unibanco, Brazil\u2019s largest bank by assets, is exploring whether to issue its own stablecoin<\/a> as regulatory discussions evolve and U.S. financial institutions slowly move into the sector.<\/a><\/p>\n

The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Ita\u00fa. At an industry event in S\u00e3o Paulo, Antunes cited the growing momentum behind blockchain-based settlement systems.<\/p>\n

\u201cIta\u00fa has always had stablecoins on its radar. We cannot ignore the strength that blockchain has to settle transactions atomically,\u201d local media<\/a> quoted him saying. Stablecoins, for now, remain a \u201ctopic on the agenda.\u201d<\/p>\n

The renewed interest in stablecoins comes on the heels of a political shift in the U.S., where lawmakers rejected a central bank digital currency (CBDC)<\/a> in favor of encouraging private stablecoin alternatives to preserve the dollar\u2019s dominance.<\/p>\n

In Brazil, regulators are conducting a public consultation\u2014Consulta P\u00fablica No. 111\u2014focused on how stablecoins might fit into the existing financial system. Antunes said the bank is waiting to see what rules the central bank sets before advancing any internal project.<\/p>\n

Antunes also raised concerns about a proposed ban on self-custody in Brazil\u2019s draft stablecoin rules. Brazil, it\u2019s worth noting, has barred major pension funds<\/a> from investing in cryptocurrencies.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ita\u00fa Unibanco, Brazil\u2019s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector. The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Ita\u00fa. At an industry event in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20401","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20401"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20401\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}