PANews reported on April 3 that according to CoinDesk, Brazil's largest bank Itaú Unibanco is considering issuing its own stablecoin. The decision will depend on the final setting of the Brazilian Central Bank's stablecoin rules and the success of the issuance of stablecoins by US financial institutions. Antunes, head of Itaú Digital Assets, said that stablecoins are "on the agenda" of banks and are concerned about the potential of blockchain in atomic settlement. Brazilian regulators are currently conducting a public consultation on stablecoin regulation (Consulta Pública No.111).