Nu Holdings, the Brazilian fintech behind Nubank, Latin America’s largest digital bank, has launched Nu Global, a multi-currency digital account that automatically converts deposits into Circle‘s USDC and EURC stablecoins. The launch comes alongside a formal entry into the United States market, marking the company’s first move beyond its core Latin American markets after thirteen years of operation.
In addition, Nu is entering this next phase off the back of a record quarter: its customer base surpassed 140 million, quarterly net income crossed $1 billion, and return on equity hit 32%. The company continues to post increasing customer activity with a low cost to serve.
David Velez, Founder and CEO of Nu, put it plainly:
“This is the next chapter of something we started thirteen years ago in a small house in São Paulo. Since our founding, we have believed that consumer-obsessed digital banking is the future of retail banking globally, and after proving this hypothesis with over 140 million fanatical customers in Latin America, we are excited to start executing our thesis beyond our core region.”
What Nu Global Actually Offers?
Every deposit made into a Nu Global account is automatically converted into USDC or EURC. It earns 3.50% APY and 2.20% APY daily, respectively. Also, users get a virtual Mastercard compatible with Apple Pay and Google Pay for global spending at competitive exchange rates with no markups.
Beyond stablecoins, the platform lets users hold and trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other curated digital assets directly in the app. Moreover, it is all backed by multilingual support around the clock.
Money movement is fee-free across over 35 countries, starting with Europe, Latin America, the US, Brazil, Colombia, and Mexico. Also, the US launch is backed by a partnership with FDIC-insured Lead Bank while Nu pursues its own national bank charter.
Why This Move Matters?
Nu is already Brazil’s largest private financial institution, Mexico’s largest digital bank, and Colombia’s fourth largest by deposits. Bringing stablecoins and digital asset access to a combined base of 140 million customers, many of whom are underserved by traditional banking. It’s a structural shift in how everyday people move money across borders.
Significantly, Circle’s USDC and EURC gain one of the largest distribution channels in fintech history. For the stablecoin market, Nu Global’s scale normalises stablecoin usage as a daily financial tool rather than a crypto-native product. This is a key acceleration of mainstream adoption regardless of where broader crypto markets are trading.
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