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Pre-launchPharos hasn't ingested data for this one yet.Announced

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 logo

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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Activity Timeline

Jan 29, 2026Regulatory

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.

Source
Sep 18, 2025Announcement

Roberto 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.

Source

Stablecoins Strapped to the Credit Card

a pre-launch Nubank dollar pilot anchored to credit-card rails, with own-issuance vs. third-party-integration still unresolved. Nubank's stablecoin pilot is structurally interesting because the entry point is not a wallet or a remittance corridor but the credit card. Vice-chair Roberto Campos Neto — Brazil's central bank governor through 2024 — announced at Meridian 2025 that Nubank would test dollar-pegged stablecoin payments on credit-card rails, framed inside a larger plan to tokenize deposits and issue credit against tokenized assets. Nubank already integrated USDC inside its app in 2023 and has 100M-plus customers across Brazil, Mexico, and Colombia, which is the actual asset here: distribution. The unresolved product question is whether Nubank issues its own dollar stablecoin or routes through an existing one; Campos Neto's framing leaves both open, including the and architecture. The placeholder uses own-issuance as the working interpretation, but the pilot could still resolve as a USDC/PYUSD integration rather than a new Nubank-issued token.

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