Nubank Enters Stablecoin Business as Part of U.S. Expansion
Brazilian digital bank Nubank launched in the United States and introduced Nu Global, a multi-currency account that converts deposits into USDC and EURC stablecoins pegged to the dollar and euro. The service offers competitive interest rates—3.50% APY on dollars and 2.20% on euros—and aims at improving cross-border remittances by reducing fees and transfer times. Nubank's U.S. operations are conducted through Lead Bank, an FDIC-insured partner offering a high-yield deposit account and cashback credit card features. The company received conditional approval for its own national bank charter in January 2026 and plans to operate independently once the process is finalized. The move aligns with Nubank's broader strategy targeting global remittances, which are expected to reach $800 billion by 2025. The company has over 140 million customers across Latin America and reported quarterly net income exceeding $1 billion in its most recent quarter.
Tickers: $NU
Topics: fintech international_expansion remittances stablecoins