Nubank Launches Global Account with USDC and EURC

Nubank, the largest digital bank in Latin America, has begun operations in the United States with a high-yield account and commission-free transfer services. It introduces Nu Global, a service that uses stablecoins to facilitate money movements in over 35 countries. Users will be able to convert funds into USDC and EURC, as well as trade bitcoin (BTC) and ether (ETH). In the coming months, customers from Brazil, Colombia, Mexico, and the United States will be integrated. The operation in the U.S. will start with Lead Bank while Nubank seeks its own banking license, having applied for authorization in September 2025. Competition is fierce, with thousands of banks and fintechs in the market, and Nubank will focus on attracting customers in underserved segments, especially among Latin American consumers. The expansion could increase competition in remittances and cross-border payments, depending on the response from regulators and Nubank's ability to operate on a large scale in the U.S.