Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Itau Unibanco (Brazil's largest private bank by assets, ~5.6T BRL) is evaluating its own stablecoin. Head of Digital Assets Guto Antunes confirmed exploration at an industry event in Sao Paulo in April 2025: 'we are always open to understanding whether it makes sense for our clients to have a stablecoin, even one in real, within Itau'. Final peg-currency choice (BRL or USD) and product timeline are gated on Brazil's regulatory output via BCB Consulta Publica 111. Itau already participates in the DREX wholesale CBDC pilot, providing distribution-rail experience; ticker not yet announced. Pharos tracks BRL as the most likely first launch given the Brazilian retail base, but the editorial summary documents the open USD option.
Itau Unibanco BRL Stablecoin
BRL-ITAU
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Brazilian Real
- Jurisdiction
- Brazil (Banco Central do Brasil (Consulta Publica 111 pending))
Launch Timeline
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/subscribe launch brl-itauActivity Timeline
Brazil stablecoin FX-classification regime takes effect
BCB resolutions classifying stablecoin transactions as foreign-exchange operations enter force; Itau's launch timing remains contingent on the final Consulta Publica 111 framework, especially around self-custody and bank-issuer permissions.
SourceItau Unibanco confirms it is evaluating its own stablecoin
Head of Digital Assets Guto Antunes tells a Sao Paulo industry event Itau is exploring a BRL or USD stablecoin pending BCB regulation under Consulta Publica 111.
SourceBrazil's Biggest Bank Waits for the Rulebook
Itau Unibanco — Brazil's largest private bank by assets — confirmed in April 2025 that it is evaluating its own stablecoin, with Head of Digital Assets Guto Antunes telling a Sao Paulo industry event the bank is 'always open to understanding whether it makes sense for our clients to have a stablecoin, even one in real, within Itau'. The peg-currency choice (BRL or USD) is explicitly undecided and gated on the final shape of Brazil's regulatory framework via BCB Consulta Publica 111, especially the open self-custody question that Antunes flagged as a major design constraint. Itau already participates in the DREX wholesale CBDC pilot, providing distribution-rail experience but also a competing institutional product that may shape final positioning. Pharos opens the placeholder against BRL as the most likely first launch (Brazil retail base, BRL-denominated franchise) while documenting the USD option in editorial copy; retire/migrate if Itau formally names a USD-first variant.
Updated
Discover
Brazil's largest bank Itau Unibanco mulls its own stablecoin
Head of Digital Assets Guto Antunes confirms Itau is evaluating a BRL or USD stablecoin pending BCB regulation under Consulta Publica 111.
Brazil's largest bank Itau weighs stablecoin launch
Itau participates in DREX wholesale CBDC pilot; cautions that self-custody restrictions in proposed BCB rules would be a key product constraint.
Links
Related Stablecoins
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