Latam Insights: Brazil's B3 to Issue Stablecoin, Libra's Launch Detailed
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Brazil’s B3 stock exchange announces its own stablecoin, a whistleblower details Libra’s launch, and Nubank studies buying a bank.
Historic: Brazil’s B3 Stock Exchange to Issue a Stablecoin Next Year
The largest Brazilian stock exchange, B3, has announced that it will include a stablecoin as part of its liquidity tools starting next year.
At a recent event, B3’s Vice President of Products and Customers, Luiz Masagão, stated that the company targets Q1 2026 as its launch window, as part of an acceleration of the adoption of new technologies.
Masagão stated that this stablecoin will become the tool enabling trading for tokenized assets. Nonetheless, he also believes that it can grow to become something more relevant. On this, he stated:
It can be much more than that. With the slimming down of DREX, the market has a demand for an asset to liquidate the entire digital economy.
Read more.
Libra’s Launch Was Calculated: New Revelations Hint at Milei’s Involvement
Local media published a damning article that chronicles the months leading up to, during, and after the launch of Libra, a token supposedly designed to help Argentine entrepreneurs secure funding.
According to Clarin, a secret launch party was held in a luxurious Dallas hotel, with over 20 people in attendance. The report states that Mauricio Novelli and Manuel Terrones Godoy, two entrepreneurs who had met with President Javier Milei before, acted as the nexus between the event organizers and him.
An anonymous informer, known as K, who participated in this launch, reported that someone in the room let Milei know about Libra in advance and gave him the contract number to be posted on X. When this finally happened, a celebration erupted.
Read more.
Nubank Seeks to Acquire Traditional Bank to Satisfy Brazilian Regulatory Requirements
Nubank, one of the largest fintech companies in Latam, considers purchasing a small bank to comply with recent Brazilian regulations.
According to reports made public last week, the company, which has reached over 110 million customers in Latam, would be facing increased oversight from regulators because of its name.
New regulations approved in November ban fintech companies from having names hinting at the possibility of being actual banks, a move that affects Nubank, which does not possess a banking license.
The company is already seeking to acquire a small bank to absorb its banking license, and acquiring one with debt might benefit the company’s tax standing.
Read more.
FAQ❓
- What significant announcement has Brazil’s B3 Stock Exchange made?
B3 will launch its own stablecoin in Q1 2026 to enhance its liquidity tools and facilitate trading for tokenized assets. - What new information has emerged regarding the launch of Libra in Argentina?
Reports indicate that a secret launch party for Libra featured connections to President Javier Milei, raising questions about his involvement in the token’s promotion. - Why is Nubank considering acquiring a small bank?
To comply with new Brazilian regulations prohibiting fintechs from using bank-related names, Nubank is seeking to acquire a bank to gain the necessary banking license.