Nubank Eyes Stablecoin Integration for Credit Card Payments
Nubank Plans Stablecoin Integration
Nubank, the leading digital bank in Latin America, is reportedly considering integrating dollar-pegged stablecoins into its credit card payment system.
Roberto Campos Neto, Nubank's vice-chairman and former governor of Brazil’s central bank, revealed the plans at the Meridian 2025 event. He emphasized the importance of blockchain technology in linking digital assets with the traditional financial infrastructure.
According to local news reports, Campos Neto stated that Nubank intends to pilot stablecoin payments via its credit cards. This initiative is part of a larger strategy to connect digital assets and conventional banking services.
“What the data shows is that people aren’t buying to transact, they’re buying as a store of value,” he reportedly said. “And we need to understand why this is happening. I think it’s changing a bit, but we need to understand it.”
He also highlighted the challenge for banks in accepting tokenized deposits and utilizing these assets to extend credit to clients.
Nubank's Crypto Journey
Founded in São Paulo in 2013, Nubank serves over 100 million customers across Brazil, Mexico, and Colombia. The bank first ventured into the digital asset space in 2022, allocating 1% of its net assets to Bitcoin and introducing crypto trading options for its users.
In March 2025, Nubank expanded its crypto offerings by listing four additional altcoins: Cardano (ADA), Cosmos (ATOM), Near Protocol (NEAR), and Algorand (ALGO).
Stablecoin Adoption in Latin America
Brazil has seen a significant surge in stablecoin usage. In February, the president of the Central Bank of Brazil noted that 90% of the country's crypto activity was related to stablecoins.
Dollar-pegged digital assets have also gained traction in Argentina, particularly as inflation rates have exceeded 100% in recent years.
A March 2025 report from Bitso indicated that USDT and USDC accounted for 50% and 22%, respectively, of all cryptocurrency purchases in Argentina during 2024. Across Latin America, stablecoins represented 39% of all purchases on the Bitso platform in 2024.
Regional Trends
- In July 2025, the Central Bank of Bolivia partnered with El Salvador to promote crypto as an alternative to fiat currencies.
- Venezuela has seen stablecoins like USDT increasingly used for daily transactions due to high inflation rates.