News

ChainCatcher reported that Nubank is preparing to integrate a US dollar-pegged stablecoin and credit cards into its payment ecosystem. The bank's Vice Chairman, former President of the Central Bank of Brazil Roberto Campos Neto, disclosed this plan at the Meridian 2025 event on Wednesday. Nubank plans to pilot stablecoin payments via credit cards in the coming months. This initiative is part of a broader plan aimed at allowing tokenized forms of deposits and ultimately using these assets to issue credit, directly integrating stablecoins with the bank's lending business. 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 trading for retail clients. In March 2025, Nubank further expanded its product range by adding Cardano (ADA), Cosmos (ATOM), Near Protocol (NEAR), and Algorand (ALGO) to its platform.

ChainCatcher news, according to Cointelegraph, the Bank of Canada has called for the establishment of a regulatory framework for stablecoins in order to modernize the payment system and avoid falling behind other countries in policy advancement. On Thursday, Ron Morrow, Executive Director of Payments at the Bank of Canada, stated in a speech at the Chartered Professional Accountants conference in Ottawa: "Even if you are on the right track, you will be overtaken if you stand still. For stablecoins to be regarded as money, they must be as safe and stable as bank account balances. Governments around the world are strengthening regulations on stablecoins and other cryptocurrencies to benefit consumers and mitigate credit and liquidity risks. In fact, many jurisdictions globally have already introduced or are about to introduce regulatory frameworks for crypto assets."