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. As of mid-2026 no own-token issuance has materialized: activity has centered on deepening USDC integration and on TradFi/crypto infrastructure (Nu Holdings won OCC conditional approval to form Nubank, N.A. in Jan 2026; Nubank is a design partner on Stripe/Paradigm's Tempo blockchain). Whether Nubank issues its own dollar token or routes through an existing stablecoin remains 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.
Nubank USD Stablecoin (USD-NU) Pre-launch Stablecoin Tracker
USD-NU
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- US Dollar
- Jurisdiction
- Brazil (Banco Central do Brasil)
Launch Timeline
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Nu Holdings receives OCC conditional approval to form Nubank, N.A.
US national bank charter (conditional) enables future digital asset custody; no stablecoin issuance named in the charter.
SourceRoberto Campos Neto announces Nubank credit-card stablecoin pilot at Meridian 2025
Nubank vice-chair (former BCB governor) tells local media stablecoin credit-card testing will begin later in 2025; part of a broader roadmap to tokenize deposits and use them as collateral for credit issuance.
SourceStablecoins Strapped to the Credit Card
Nubank's USD stablecoin row is still pre-launch, but it is structurally interesting because the proposed surface is credit-card payments rather than a DeFi wallet. Roberto Campos Neto framed the pilot as part of a broader Nubank push into tokenized deposits and credit against tokenized assets, which is a much larger ambition than adding another dollar balance to an app. The unresolved question remains whether Nubank issues its own dollar token or routes through a third-party stablecoin such as USDC or PYUSD, and that answer decides the custody, reserve, and redemption model. Pharos keeps the placeholder as centralized and regulated-entity-driven because a Nubank rail would almost certainly be permissioned even if the token touches public chains later. The asset here is not the ticker; it is Nubank's distribution across Latin America, which is exactly why the missing product details matter.
Updated
Discover
Nubank to pilot stablecoin payments via credit cards
Campos Neto reveals Nubank credit-card stablecoin pilot at Meridian 2025; positions tokenized deposits as the underlying infrastructure play.
Nubank launches stablecoin trial for credit-card users in Brazil
Pilot details and roadmap context; Nubank's 100M-customer LATAM footprint and existing USDC integration.
Links
Related Stablecoins
Active stablecoins with similar governance, backing, or peg currency.
