Nu Global Taps Stablecoins for Cross-Border Payments, Enters US Market
Nu Global, a multi-currency digital account from Nu Holdings, has integrated USDC and EURC stablecoins for cross-border payments. This move marks Nu's entry into the United States market, its first expansion beyond Latin America after 13 years of operation.
The company achieved a record quarter with 140 million customers, $1 billion in quarterly net income, and a return on equity of 32%. Nu Global offers users an automatic conversion of deposits to USDC or EURC, earning 3.50% APY and 2.20% APY daily respectively.
The platform also allows users to hold and trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other digital assets directly in the app. Money movement is fee-free across over 35 countries, including Europe, Latin America, and the US. The partnership with FDIC-insured Lead Bank supports Nu's pursuit of a national bank charter.