Nubank, Latin America's largest digital bank, plans to integrate stablecoins pegged to the US dollar with its credit card transactions. Announced by Vice Chairman Roberto Campos Neto at the Meridian 2025 event, this initiative aims to bridge digital assets with traditional banking systems using blockchain technology. The bank will test stablecoin payments through credit cards, addressing the challenge of accepting deposits in token form and extending credit to customers.
Founded in 2013, Nubank serves over 100 million customers across Brazil, Mexico, and Colombia. The bank has been active in the digital asset space, having allocated 1% of its net assets to Bitcoin in 2022. The move comes as stablecoin adoption surges in Latin America, with 90% of crypto activities in Brazil involving stablecoins, according to the country's central bank governor.
Nubank to Integrate Stablecoins with Credit Cards in Latin America
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.