Latest News and Articles about Brazilian Real
Itaú Unibanco Endorses Bitcoin as Hedge Against Brazilian Real Devaluation
Itaú Unibanco Champions Bitcoin as a Hedge Against Brazilian Real Devaluation Brazil’s heavyweight financial institution, Itaú Unibanco, has made a groundbreaking call: Bitcoin isn’t just a speculative toy but a legitimate hedge against the relentless slide of the Brazilian real. As the largest private bank in the country, based in São Paulo, Itaú is signaling […]
Read MoreItaú Unibanco Eyes Real-Pegged Stablecoin: Awaiting Brazil’s Regulatory Green Light
Itaú Unibanco Explores Real-Pegged Stablecoin: A Game-Changer for Brazil? Itaú Unibanco, the leading bank in Brazil and Latin America, is considering the launch of a stablecoin pegged to the Brazilian real. This move, however, hinges on regulatory clarity from the Central Bank of Brazil, which is currently conducting a public consultation on the stablecoin market. […]
Read MoreBrazil’s Braza Group Launches BBRL Stablecoin on XRP Ledger to Enhance Digital Economy
Brazilian Bank Braza Group Launches BBRL Stablecoin on XRP Ledger to Boost Digital Economy Brazil’s digital economy is on the rise, with the country’s GDP growth forecasted at 3% for 2024. In a significant move, Braza Group, a leading Brazilian bank, has launched BBRL, a stablecoin pegged to the Brazilian Real, on the XRP Ledger. […]
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