---
title: "Itau Unibanco BRL Stablecoin (BRL-ITAU) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/brl-itau/"
description: "Build-time stablecoin profile for Itau Unibanco BRL Stablecoin (BRL-ITAU). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Itau Unibanco BRL Stablecoin (BRL-ITAU)

**Peg:** Brazilian Real

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

BRL-ITAU is a pre-launch stablecoin under evaluation by Brazil's largest private bank Itau Unibanco, with peg currency and design pending BCB regulation. 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-{{term:custody}}custody{{/term}} 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; primary {{term:redemption}}redemption{{/term}} would presumably run through Itau's bank network. The placeholder is BRL-denominated because Brazil's retail base and Itau's franchise make a real-denominated launch the most likely first design, while Itau has not ruled out a USD-denominated option.

## Collateral

Pre-launch: Itau is evaluating a BRL- or USD-denominated stablecoin pending Brazil's Consulta Publica 111 framework. The bank already participates in the DREX wholesale CBDC pilot and would source distribution rails and custody from its existing regulated infrastructure, but no reserve composition has been publicly committed.

## Peg Mechanism

Pre-launch: peg maintenance is not yet defined; launch is contingent on the final shape of BCB Consulta Publica 111, including self-custody rules and bank-issuer permissions. Itau is expected to use direct bank-issuer mint/redeem rails consistent with its existing custodial and FX infrastructure.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Brazil | Banco Central do Brasil (Consulta Publica 111 pending) | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.