Nu Expands into US with Banking and Crypto-Focused Offerings

Nu, Latin America's largest digital bank, has expanded into the US market with two new offerings: U.S. banking products through Lead Bank and a separate global account called Nu Global.

The U.S. operation provides deposit accounts, debit cards, credit cards, and domestic or international transfers, while Nu Global converts customer deposits into stablecoins (USDC or EURC) for cross-border transactions across over 35 countries.

The US platform offers a 3.5% annual percentage yield on available dollar balances, daily interest crediting, and immediate access to money placed in designated savings goals. The deposit accounts are held by Lead Bank and receive FDIC insurance subject to applicable legal limits and eligibility requirements.