The largest bank in Brazil is considering the issuance of its own stablecoin.

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 also gradually entering this field. Guto Antunes, head of digital assets at Itaú, stated that this decision may depend on the performance of U.S. institutions in the launch of stablecoins. At an industry event in São Paulo, Antunes mentioned that blockchain-based settlement systems are developing rapidly.