According to the Gate.io News bot and CoinDesk, Brazil's largest bank Itaú Unibanco is evaluating plans to launch its own stablecoin. Itaú's digital asset director Guto Antunes pointed out that the implementation of this plan is related to the development progress of U.S. institutions in the stablecoin sector. Currently, Brazilian regulators are exploring integration plans for stablecoins with the existing financial system through the "Consulta Pública No. 111" public consultation project. At the same time, Brazil has implemented a ban on cryptocurrency investments for large pension funds.

BlockBeats news, on April 3rd, according to CoinDesk, Brazil's largest bank Itaú Unibanco is exploring whether to issue its own stablecoin. As regulatory discussions progress, American financial institutions are gradually entering this field. Guto Antunes, head of digital assets at Itaú, stated that this decision may depend on the performance of American institutions in launching stablecoins. At an industry event in São Paulo, Antunes mentioned that blockchain-based settlement systems are rapidly evolving.