Crypto
Nu Holdings Enters US Market with Stablecoin-Powered Digital Account
Nu Global, a multi-currency digital account from Brazilian fintech Nu Holdings, has added USDC and EURC to its platform. The integration aims to strengthen stablecoins' role in cross-border payments.
The move comes as Nu Holdings enters the United States market for the first time after 13 years of operation. The company's customer base surpassed 140 million in a record quarter, with quarterly net income crossing $1 billion and return on equity hitting 32%.
Nu Global automatically converts deposits into USDC or EURC, earning users 3.50% APY and 2.20% APY daily respectively. Users also get a virtual Mastercard for global spending at competitive exchange rates with no markups.