Latin American digital bank Nubank plans to pilot stablecoin credit card payment service in Brazil

On September 19, Nubank, the largest digital bank in Latin America, is preparing to integrate the dollar-anchored stablecoin and credit card into its payment ecosystem. Roberto CamposNeto, the bank's vice chairman and former governor of the Brazilian central bank, disclosed the plan at a Meridian 2025 event on Wednesday. Nubank plans to pilot stablecoin payments through credit cards in the coming months, a move that is part of a broader plan to allow tokenized forms of deposits and ultimately use these assets to issue credit, combining stablecoins directly with bank lending operations. Founded in 2013, Nubank currently serves over 100 million customers in Brazil, Mexico and Colombia. The bank has steadily expanded its digital asset business over the past three years, allocating 1% of its net assets to Bitcoin in 2022 and launching cryptocurrency transactions for retail customers.