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    Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Brazil’s Largest Bank Plans to Launch Its Own Stablecoin

Brazilโ€™s largest bank, Itaรบ Unibanco, with over 55 million customers, is considering launching its own stablecoin. Guto Antunes, head of digital assets, says interest has grown due to the U.S. governmentโ€™s evolving crypto stance. He highlights blockchainโ€™s potential for atomic transactions and hints at a possible Brazilian real-backed stablecoin. However, Itaรบ is first studying the experiences of other banks and waiting for stablecoin regulations to be established in Brazil before moving forward.

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