According to reports, Nubank, the largest digital bank in Latin America, is planning to integrate dollar-pegged stablecoins with credit cards for payments.
This initiative was disclosed by the bank's vice chairman and former president of the Central Bank of Brazil, Roberto Campos Neto. In a speech at the Meridian 2025 event on Wednesday, he emphasized the importance of blockchain technology in connecting digital assets with traditional banking systems.
According to local media, Campos Neto stated that Nubank intends to begin testing the payment functionality of stablecoins with its credit cards, which is part of a broader effort to connect digital assets with banking services.
"Data shows that people are buying cryptocurrencies not for trading, but as a means of storing value," he reportedly said. "We need to understand why this is happening. I think there are some changes occurring, but we need to understand it."
He also pointed out that the challenge for banks is to find a way to accept tokenized forms of deposits and use these assets to extend credit to customers.
Founded in 2013 and headquartered in São Paulo, Nubank is a Brazilian digital bank that serves over 100 million customers in Brazil, Mexico, and Colombia. The bank entered the digital asset space for the first time in 2022, allocating 1% of its net assets to Bitcoin and launching cryptocurrency trading services for its customers.
In March 2025, Nubank expanded its cryptocurrency product line by adding four altcoins, offering trading services for Cardano (ADA), Cosmos (ATOM), Near Protocol (NEAR), and Algorand (ALGO).
The adoption rate of stablecoins in Brazil has been surging. In February, the president of the Central Bank of Brazil told attendees at an event hosted by the Bank for International Settlements that 90% of the country's crypto activity is related to stablecoins.
Dollar-pegged digital assets have also gained momentum in Argentina, where inflation has exceeded 100% in recent years.
According to a report by Bitso in March 2025, USDt and USDC accounted for 50% and 22% of all cryptocurrency purchases in the country, respectively, in 2024. The same report found that stablecoins accounted for 39% of all purchases on its platform in the region in 2024.
The adoption of stablecoins is also growing in other Latin American countries.
In July 2025, the Central Bank of Bolivia signed an agreement with El Salvador to promote cryptocurrencies as a "viable and reliable alternative" to fiat currency. Since lifting the cryptocurrency ban in June 2024, Bolivia has allowed banks to process BTC and stablecoin transactions.
In Venezuela, where the inflation rate reached 229% in May, stablecoins like USDt have begun to replace the Bolívar in everyday business, being used for everything from groceries to salaries. Data from Chainalysis shows that in 2024, stablecoins accounted for 47% of all cryptocurrency transactions under $10,000.
Related: DBS, Franklin Templeton, and Ripple team up to launch tokenized lending services
Original article: “Nubank plans to integrate stablecoins into credit card transactions”
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