Not one traditional neobank in Europe offers stablecoins. Four in Latin America do.
Split the neobanks we track into their three waves and ask which of them let you hold or move a stablecoin. The answer is almost binary.
| Wave | Support stablecoins |
|---|---|
| Web3-native (self-custodial) | 59 of 59 — every one |
| Hybrid fiat + crypto | 57 of 62 |
| Traditional fiat challengers | 7 of 261 — 2.7% |
For the crypto-native waves, stablecoins are table stakes. For the traditional wave, the one most people mean when they say "neobank", they are close to absent. The interesting question is where the seven exceptions are.
Where the seven are
| Region | Traditional neobanks | With stablecoins |
|---|---|---|
| Latin America | 32 | 4 — Ualá (AR), PicPay (BR), NG.cash (BR), Tenpo (CL) |
| Asia | 65 | 2 — Maya (PH), ZA Bank (HK) |
| United States | 40 | 1 — SoFi, which launched its own SoFiUSD in December 2025 |
| Europe and the UK | 66 | 0 |
| Africa · MENA · Oceania · Canada | 58 | 0 |
Latin America holds an eighth of the traditional wave and four of its seven stablecoin adopters. One in eight Latin American traditional neobanks offers them, against roughly one in seventy-five everywhere else combined.
The demand explanation
The most likely reason is simple and has little to do with crypto enthusiasm. In much of Latin America, a dollar is something ordinary people actively want to hold — as a store of value against a local currency they have watched lose purchasing power. A dollar stablecoin is the cheapest, most accessible way to hold one without a US bank account. When a neobank adds it, it is meeting an existing need with a new rail, not marketing a novelty.
The pattern runs through the hybrids too: dollar-stablecoin cards and accounts aimed at the region are among the fastest-growing products we track. The traditional neobanks adding stablecoins are following their customers, not leading them.
The Europe puzzle
Europe is the inversion, and the more surprising half. It is the one major market that has written a complete rulebook for stablecoins: under MiCA, which has applied to stablecoin issuers since mid-2024, there is a defined, licensable way to issue and distribute them. And yet not one of the 66 traditional neobanks we track across Europe and the UK offers them.
Part of it is demand: a euro or sterling holder has far less reason to want a dollar token than an Argentine does. Part of it is the licence stack — a traditional neobank adding stablecoins takes on a second regulated activity with its own capital and compliance cost, for a feature its customers mostly have not asked for. The stablecoin activity in Europe is real, but it lives in the hybrid wave, in apps that were built around crypto from the start.
What to watch
The number that would change this story is Europe's zero. If a traditional European neobank adds a MiCA-compliant stablecoin, it will be because demand finally showed up — cross-border payments and dollar savings are the likeliest routes — and it will say more about where the market is going than any launch from a crypto-native app. Until then, the most useful thing to know is that "stablecoin support" is a regional feature as much as a technical one.