Brazil's largest bank, Itaú Unibanco, is considering issuing a stablecoin

According to CoinDesk, Brazil's largest bank, Itaú Unibanco, is considering issuing its own stablecoin. The decision will depend on the final setting of the Brazilian Central Bank's stablecoin rules and the success or failure of US financial institutions in issuing stablecoins. Antunes, head of digital assets at Itaú, said that stablecoins are an "agenda item" for the bank and they are paying attention to the potential of blockchain in atomic settlements. Currently, Brazilian regulators are conducting public consultations (Public Consultation No. 111) on stablecoin regulation.