Digital bank 'Nubank' to support dollar stablecoin payments

Source
Son Min

Summary

  • Nubank said it is preparing to support dollar stablecoin payments.
  • Testing of dollar stablecoin payments via credit card and discussions on tokenized deposits and the launch of loan products are underway.
  • It said that attempts to connect digital assets with banking services are important, given that South American consumers are buying crypto assets to store value.

Nubank, the largest digital bank in South America, plans to support dollar stablecoin payments.

On the 19th (local time), Cointelegraph reported that Nubank said it plans to begin testing dollar stablecoin payments via credit card. It is also reported that support for tokenized deposits and the launch of loan products based on them are being discussed.

Roberto Campos Neto, Nubank's vice chairman, said, "According to the data, South American consumers are buying crypto assets to store value," adding, "Attempts to connect digital assets with banking services are important."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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