Catenaa, Tuesday, September 23, 2025- Nubank, Latin America’s largest digital bank, is preparing to integrate dollar-pegged stablecoins into its payment ecosystem, starting with pilot credit card transactions, the bank’s vice-chairman Roberto Campos Neto announced at the Meridian 2025 conference.
Campos Neto, a former Brazilian central bank governor, highlighted blockchain’s role in bridging digital assets with traditional banking infrastructure.
The move reflects a regional shift in crypto use from a store of value to a practical payment tool. Campos Neto said banks must evolve by accepting tokenized deposits and enabling credit issuance backed by digital assets.
Nubank currently serves over 100 million customers across Brazil, Mexico, and Colombia, and has already supported Bitcoin and a range of altcoins, including Cardano, Cosmos, Near Protocol, and Algorand.
Stablecoin adoption is accelerating across Latin America amid inflation and currency instability. In Brazil, 90% of crypto activity involves stablecoins. Argentina’s crypto purchases relied on stablecoins for over 70% of transactions in 2024, while in Venezuela, nearly half of sub-$10,000 crypto transactions are in tokens like USDT.
Bolivia has also lifted its crypto ban, enabling Bitcoin and stablecoin payments within its financial system.
The US GENIUS Act, backed by President Donald Trump, strengthens dollar-pegged stablecoins’ position globally, with the Treasury projecting the market could surpass $2 trillion by 2028.
Ripple CEO Brad Garlinghouse projects similar growth, while Western Union explores stablecoins to modernize international remittances, reflecting broader adoption and institutional interest in digital dollar solutions.
