Nubank, Latin America's largest digital bank, is preparing to test credit card payments using dollar-pegged stablecoins, as announced by Vice-Chairman Roberto Campos Neto at the Meridian 2025 event. He emphasized the growing importance of blockchain in merging digital assets with traditional banking. The initiative aims to tap into the increasing stablecoin adoption across Latin America, particularly in Brazil, where a significant portion of crypto activity ties back to stablecoins. Nubank has been active in the digital asset market since 2022 and extends its crypto trading services to customers across Brazil, Mexico, and Colombia. The test represents an effort to integrate digital assets into banking, highlighting challenges such as accepting deposits in tokenized forms and enabling credit issuance. With a significant rise in stablecoin use, particularly in regions with high inflation, Nubank's initiative aligns with broader trends observed in the Latin American financial landscape.

Source 🔗