Stablecoins Shift from Speculation to Payments as Tokenization Grows in Brazil

Stablecoin use in Brazil is increasingly focused on payments rather than speculation, according to Itaú's head of digital assets. The Central Bank's decision to abandon the digital real (Drex) has not slowed tokenization; instead, the Drex experience is accelerating transformation in other areas, with growth in stablecoin adoption among financial institutions.