Nubank Pilots USD-Backed Stablecoin Credit Card Payments
Latin America’s largest digital bank, Nubank, has launched a pilot for USD-backed stablecoin payments on its credit cards. Announced by Vice Chairman Roberto Campos Neto at Meridian 2025, the trial enables clients in Brazil, Mexico and Colombia to spend USDT and USDC directly through Nubank’s credit services. The initiative builds on Nubank’s 2022 entry into crypto with a 1% Bitcoin allocation and recent listings of ADA, ATOM, NEAR and ALGO in its trading platform. If successful, stablecoin payments via credit cards could expand to other banking products, deepening blockchain integration in mainstream finance. Campos Neto warns that rising demand for dollar-pegged stablecoins may spur European euro-backed alternatives and stresses that regulatory clarity and robust infrastructure are vital. Traders should watch stablecoin demand shifts and transaction volumes as this pilot could boost USDT and USDC usage across Latin America.
Bullish
By enabling USDT and USDC spending directly via credit cards, Nubank’s stablecoin payments pilot could substantially increase transaction volumes and demand for these stablecoins in Latin America. In the short term, traders may see heightened on-chain activity and liquidity flows toward USDT and USDC as customers test the new payment option. Over the long term, successful integration could validate stablecoins’ role in mainstream finance, attracting further institutional support and accelerating market growth for digital dollars.