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Nubank Plans Stablecoin and Credit Card Integration for Payments

Nubank Plans Stablecoin and Credit Card Integration for Payments

Nubank is preparing to pilot stablecoin-based credit card payments, highlighting Latin America’s growing adoption of dollar-pegged tokens amid inflation and regulatory shifts.

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Fact Check
The statement is strongly confirmed by multiple, independent news sources (Binance, Bitget, Cointelegraph, Cryptotimes), all reporting that Nubank plans to integrate or pilot US dollar-pegged stablecoins with its credit card payment system. The information is consistently attributed to Roberto Campos Neto, the chairman of Nubank and former head of Brazil's Central Bank, lending high credibility to the claim.
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Summary

Nubank, Latin America’s largest digital bank, will pilot credit card transactions using dollar-pegged stablecoins, announced by vice-chairman Roberto Campos Neto at the Meridian 2025 event. Serving over 100 million customers, Nubank continues expanding its crypto services, having added altcoins like Cardano, Cosmos, Near Protocol, and Algorand earlier in 2025. Stablecoin adoption is rising sharply across the region: Brazil’s central bank estimates 90% of crypto activity is tied to stablecoins; in Argentina, they represented over 70% of purchases in 2024 amid triple-digit inflation; and in Venezuela, nearly half of sub-$10,000 transactions are in stablecoins. Bolivia also lifted its crypto ban in 2024 to support Bitcoin and stablecoin payments. Globally, stablecoin momentum is growing, with the U.S. GENIUS Act signed by President Trump to reinforce dollar dominance, Treasury projecting a $2 trillion stablecoin market by 2028, and firms like MoneyGram and Western Union adopting stablecoin-based solutions.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to reduce price volatility.
  • Dollar-Pegged Stablecoin: A type of stablecoin whose value is fixed to the US dollar, often backed by reserves.
  • Tokenized Deposits: Digital representations of deposits recorded on a blockchain, enabling banks to issue credit and services tied to digital assets.