To Create Brazil’s First Real-Pegged Stablecoin, Itau Unibanco

The Brazilian banking behemoth known as Itau Unibanco will soon begin working on a new initiative that will involve the establishment of a stablecoin that will be tethered to the Real, the country’s national currency. During the LIFT (Laboratory of Financial and Technological Innovations) Lab program, the proposal that the bank submitted was chosen as…