Latin America's Largest Digital Bank Enters US Market with Nu Global

The largest digital bank in Latin America has announced its entry into the US market with the launch of Nu Global, a new global product. The move marks a shift from region-focused business to a broader worldwide banking platform.

Nu US Launch introduces several core products for American customers, including deposits held through partner Lead Bank, which carries FDIC insurance. Leadership wants to become customers' primary banking relationship over time.

Main features include a 3.50% APY on the main account, calculated and paid daily, a limited-edition metal debit card with no annual fee, and free local and international transfers. Customers can pair the deposit account with the credit card and complete qualifying transactions to grow their yield to 4.50% APY on savings up to $10,000.

Nu Global brings USDC and EURC balances for people living international lives. Deposits convert into digital dollars or euros, stablecoins pegged to the dollar and euro. The global account offers a daily yield of 3.50% APY on USDC balances and 2.20% APY on EURC balances.