TLDR
- Nubank, Latin America’s largest digital bank with 100+ million customers, plans to test stablecoin credit card payments
- Roberto Campos Neto announced the integration at Meridian 2025 event, aiming to connect digital assets with traditional banking
- Stablecoin adoption surges across Latin America with 90% of Brazil’s crypto activity linked to stablecoins
- Argentina sees USDT and USDC accounting for 72% of crypto purchases in 2024 due to high inflation
- Venezuela increasingly uses stablecoins to replace local currency as inflation hits 229%
Nubank, Latin America’s largest digital bank, will begin testing stablecoin payments through its credit cards. The announcement came from vice-chairman Roberto Campos Neto at the Meridian 2025 event on Wednesday.
Brazil's Nubank is preparing to test credit card payments using dollar-pegged stablecoins, says Campos Neto. Full Story Below 👇https://t.co/rwj5pMnd0Y
— Blockonomi (@blockonomi) September 19, 2025
The Brazilian bank serves over 100 million customers across Brazil, Mexico, and Colombia. Campos Neto, who previously served as governor of Brazil’s central bank, outlined the company’s strategy to integrate blockchain technology with traditional banking services.
“What the data shows is that people aren’t buying to transact, they’re buying as a store of value,” Campos Neto said. He emphasized the need to understand changing consumer behavior around digital assets.
The bank faces challenges in accepting deposits in tokenized forms. Campos Neto noted the difficulty of using these digital assets to issue credit for clients.
Nubank entered cryptocurrency in 2022 by allocating 1% of its net assets to Bitcoin. The company also launched crypto trading services for its customer base that same year.
Expanding Crypto Services
In March 2025, Nubank expanded its cryptocurrency offerings by adding four altcoins. Customers gained access to Cardano, Cosmos, Near Protocol, and Algorand through the platform.
The stablecoin integration represents the bank’s latest effort to bridge digital and traditional finance. Dollar-pegged stablecoins offer price stability compared to volatile cryptocurrencies like Bitcoin.
Stablecoin adoption has exploded across Latin America. In February, Brazil’s Central Bank president revealed that 90% of the country’s crypto activity involves stablecoins.
Argentina has become a major stablecoin market due to persistent inflation. The country’s inflation rate has exceeded 100% in recent years, driving demand for dollar-backed digital assets.
Regional Stablecoin Growth
A March 2025 report from Bitso showed strong stablecoin adoption in Argentina. USDT accounted for 50% of all cryptocurrency purchases in 2024, while USDC represented 22%.
Across Bitso’s regional platforms, stablecoins made up 39% of all crypto purchases in 2024. This data reflects growing preference for stable digital assets over volatile cryptocurrencies.
Bolivia recently embraced cryptocurrency after years of restrictions. In July 2025, the Central Bank of Bolivia signed an agreement with El Salvador to promote crypto as an alternative to fiat currency.
The country lifted its crypto ban in June 2024. Bolivian banks can now process Bitcoin and stablecoin transactions for their customers.
Venezuela represents the most extreme case of stablecoin adoption. The country’s inflation reached 229% in May, making the bolívar increasingly worthless for daily transactions.
Stablecoins like USDT now replace the bolívar in everyday commerce. Venezuelans use these digital dollars for groceries, salary payments, and other routine expenses.
Chainalysis data confirms Venezuela’s stablecoin usage patterns. Stablecoins accounted for 47% of all crypto transactions under $10,000 in 2024.
