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Largest Bank in Brazil Eyes Stablecoin Launch

  • Itaú, the largest bank in Brazil, is considering launching its stablecoin.
  • The decision is dependent on the regulatory environment in Brazil and the experiences of U.S. banks with stablecoins.
  • Stablecoins have gained traction due to the prioritization of private stablecoins over a central bank digital currency.
  • Itaú Bank is monitoring stablecoin developments and regulatory frameworks to prepare for their own stablecoin launch.

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