Brazil eyes yuan-backed sovereign bonds amid new crackdown on stablecoin transfers

Brazil is evaluating the issuance of its first yuan-denominated Panda Bonds as a move to diversify from Western financial dependencies.

The Central Bank of Brazil will impose stricter regulations on stablecoin transfers, prohibiting transactions to foreign wallets.

Itaú Unibanco is considering launching a stablecoin, reflecting a broader trend towards digital asset adoption in Brazil.

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