The project presented by Itau Unibanco is one of eight that were selected by the Central Bank of Brazil as part of the Laboratory of Financial and Technological Innovations (LIFT) Lab.
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution
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 initiative focused on financial innovation.The Central Bank of Brazil is advancing in its pilot program for the launch of its central bank digital currency , the digital real.
Itau Unibanco, one of the biggest banks in the country, to build a decentralized finance solution that includes the construction of a stablecoin pegged to the real.The application will include functions commonly present in liquidity pools, but linking the real with other stablecoins representing fiat currencies from all over the world.
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