Nu, Latin America's largest digital bank, launches U.S. operations and introduces Nu Global, a multi-currency account supporting USDC and EURC transfers across 35+ countries.
DeFi & Yields ·
Nu, a digital bank serving over 140 million customers globally, has expanded into the United States and launched Nu Global, a multi-currency account designed for cross-border transactions. The U.S. operations, facilitated through partner bank Lead Bank, will offer deposit accounts, credit cards, and international transfer capabilities. Nu Global specifically enables users to convert deposits into USDC or EURC stablecoins, with support for transfers spanning more than 35 countries.
The dual-track approach separates Nu's traditional banking services in the U.S. market from its stablecoin-focused global account offering. Nu Global's reliance on Circle's dollar and euro-backed tokens positions the product for customers seeking faster, lower-cost cross-border settlement compared to traditional rails. The mechanics allow deposits to be immediately converted into either USDC or EURC, facilitating movement across the supported network.
Key details remain sparse: the specific launch timeline for full U.S. operations, fee structures for Nu Global transfers, and regulatory approvals required in each of the 35+ countries are not yet disclosed. The announcement also does not clarify whether the 140 million customer figure includes early adopters of the new U.S. and Nu Global products or represents Nu's existing Latin American base.