Nubank vice-chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America.
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Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.
The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system.
to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with 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 noted that the challenge for banks is finding a way to accept deposits in tokenized forms and use these assets to issue credit for clients.
Founded in São Paulo in 2013, Nubank is a Brazilian digital bank serving more than , Mexico and Colombia. The bank first entered the digital asset space in 2022 by allocating and rolling out crypto trading for its customers.
In March 2025, Nubank with the addition of four altcoins, giving customers access to Cardano (), Cosmos (), Near Protocol (), and Algorand ().
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Stablecoin adoption has been surging in Brazil. In February, the president of the told attendees at a Bank for International Settlements event that 90% of crypto activity in the country was linked to stablecoins.
Dollar-pegged digital assets have also , where inflation has exceeded 100% in recent years.
According to a March 2025 from Bitso, USDt () and USDC () accounted for 50% and 22% of all in 2024, respectively. The same report found that stablecoins made up 39% of all purchases on its platform across the region in 2024.
Stablecoin adoption has also been growing in other Latin American countries.
In July 2025, the signed an agreement with El Salvador to promote crypto as a “viable and reliable alternative” to fiat. Since in June 2024, Bolivia has allowed banks to process Bitcoin and stablecoin transactions.
In Venezuela, where in May, stablecoins like USDt have started to replace the bolívar in daily commerce, from groceries to salaries. Chainalysis shows they made up 47% of all crypto transactions under $10,000 in 2024.
