Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution

Posted on August 29, 2022 by

Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part of LIFT Lab, an annual