Nu has introduced USDC and EURC support through its new Nu Global multi-currency account, allowing customers to hold, transfer and spend stablecoin balances across more than 35 countries. The launch expands Nu’s digital financial services while giving users additional options for managing funds across supported international markets.
Nu Global allows customers to convert their deposits into either USDC or EURC, offering variable yields of up to 3.50% APY on USDC and 2.20% on EURC. The service also includes a virtual Mastercard, while transfers between eligible countries currently come without service fees under its existing terms.
The initial service is available in Mexico, Brazil, and Colombia, with additional destinations expected to follow. Nu also identifies several European and Latin American markets for international transfers, including Peru, Uruguay, Argentina, Chile, Paraguay, Costa Rica, Honduras, and El Salvador.
Nu Expands U.S. Presence Through Lead Bank
Nu’s U.S. banking operation remains dependent on Lead Bank, which provides the banking services and Nu Credit Card. Customer deposits in the U.S. Nu Account are held at Lead Bank, while Nu advertises a 3.50% APY rate that was accurate as of September 10.
The company applied to establish Nubank, N.A. in September 2025 and received conditional approval from the OCC on January 29. The approval does not allow independent banking operations yet, as Nu still needs to satisfy regulatory conditions and obtain approvals from the Federal Reserve and FDIC.
Nu expects the proposed U.S. bank to begin operating in 2027, according to chief executive Cristina Junqueira. Once approved, the institution could offer deposit accounts, credit cards, lending and digital asset custody under a federal banking structure.
Earlier Nubank-Circle Developments Strengthened USDC Push
On Dec. 5, 2023, Nubank and Circle partnered to introduce USDC to Brazilian users through Nubank Cripto. The companies said the launch could later support wider use of the stablecoin across Nubank’s financial products.
Circle expanded its Brazilian presence on May 29, 2024, through another partnership with Nubank that offered near-instant, low-cost and round-the-clock access to USDC. The move gave Nubank customers easier access to digital dollars while expanding Circle’s local infrastructure.
Nubank later expanded USDC rewards to eligible Brazilian users on Jan. 14, 2025, offering a fixed 4% annual rate on qualifying balances. By Jul. 17, 2025, the company said USDC accounted for 25% of customers’ first cryptocurrency purchases during the previous year.
