Nubank, the largest digital bank of Latin America, has been reported planning to include dollars pegged stablecoins and credit cards for payments.
The move was revealed by the bank’s vice-chairman and former Governor of Brazil’s central bank Roberto Campos Neto. Speaking of the event of Meridian 2025 on Wednesday, he emphasized the importance of blockchain technology in connecting digital assets to the traditional banking system.
According to In local media reports, Campos Neto said Nubank plans to start testing Stablecoin payments with its credit cards as part of a broader effort to associate digital assets with banking services.
“The data shows that people are not buying to transact, they buy as a value store, he reportedly said.” And we need to understand why this is happening. I think it changes a bit, but we need to understand it. “
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He also noted that the challenge for banks is to find a way to accept deposits in tokenized forms and use these possessions to issue credit for clients.
Established in São Paulo in 2013, Nubank is a Brazil’s digital bank that delivers more than 100 million customers across BrazilMexico and Colombia. The bank first entered the digital asset space in 2022 by allocating 1% of its net assets in bitcoin and cypto trading for its customers.
In March 2025, Nubank expanded its crypto lineup Includes the addition of four altcoins, giving customers accessing Cardano (Ada), Cosmos (Atom), Close to protocol (Nearby), and Algorand (Something).
Related: Nubank to launch loyalty tokens in Polygon Blockchain
Stablecoin Adoption Surge in Latin America
Stablecoin adoption fell to Brazil. In February, the president of Central Bank of Brazil Attendees at a bank have been told for the international event of repairing 90% of crypto activity in the country is linked to stablecoins.
Dollar digital assets are also there Got traction in Argentinawhere inflation exceeds 100% in recent years.
According to a March 2025 Report From the Biece, USDT (USDT) and USDC (USDC) accounted for 50% and 22% of all Cryptocurrency purchases in the country In 2024, respectively. The same report found that Stablecoins make up 39% of all purchases on its platform throughout the region in 2024.
Stablecoin adoption also grows in other Latin American countries.
In July 2025, the Central Bank of Bolivia Signed an agreement with El Salvador to promote Crypto as a “viable and reliable alternative” to Fiat. From more on The lifting of its crypto prohibition In June 2024, Bolivia allowed banks to process transactions to Bitcoin and Stablecoin.
In venezuela, where Inflation hits 229% In May, stablecoins such as the USDT began to replace the bolívar with sunny commerce, from markets to salary. Chainalysis Data They show 47% of all crypto transactions under $ 10,000 in 2024.
Magazine: Legal Panel: Crypto wants to overthrow banks, now it becomes in Stablecoin Fight
