Nubank Launches Nu Global for Fee-Free International Transfers

Nubank, Latin America's largest digital bank, has launched Nu Global, a multi-currency digital account that allows for fee-free international transfers across over 35 countries. The platform converts deposits into Circle's USDC and EURC stablecoins for seamless transactions.

Initially targeting customers in Europe and Latin America, Nu Global also offers a virtual Mastercard for global spending. Users can earn daily yields of 3.50% APY on USDC and 2.20% APY on EURC, with the ability to hold and trade other digital assets like Bitcoin and Ethereum.

This launch marks Nubank's entry into the US market through a partnership with FDIC-insured Lead Bank while pursuing its own national bank charter.