Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.

Nubank vice-chair Roberto Campos Neto (former Central Bank of Brazil governor) announced a dollar-pegged stablecoin pilot tied to credit-card payments at Meridian 2025. Nubank serves 100M+ customers across Brazil, Mexico, and Colombia; integrated USDC inside the app since 2023. The credit-card pilot is the first product surface, with a broader 'tokenize deposits and issue credit against tokenized assets' roadmap behind it. Whether Nubank issues its own dollar token or routes through an existing stablecoin (Campos Neto noted the open product question) is undecided; ticker, chain, and reserve disclosure model not yet confirmed. Pharos opens this pre-launch entry against the announced own-issuance interpretation; will be retired if Nubank's pilot instead routes through USDC/PYUSD/other tracked tokens.