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      Nubank Launches Nu Global for Fee-Free International Transfers Using Stablecoins

      Nubank, Brazil's largest digital bank, has introduced Nu Global, a multi-currency digital account that allows users to convert local deposits into stablecoins, specifically Circle's USDC and EURC. The service, which went live on September 10, enables fee-free international transfers across more than 35 countries, with an initial focus on Europe and Latin America. This launch marks Nubank's formal entry into the U.S. market, facilitated by a partnership with FDIC-insured Lead Bank as the company seeks its own national bank charter.

      The Nu Global account operates by converting user deposits into stablecoins, with USDC managing dollar-denominated balances and EURC for euros. Users can earn daily yields of 3.50% APY on USDC and 2.20% APY on EURC. Additionally, the account includes a virtual Mastercard for global spending, allowing users to access their stablecoin balances directly at merchants worldwide without manual conversions. The platform also supports trading of various digital assets, including Bitcoin and Ethereum.

      Nubank's CEO David Vélez emphasized the concept of 'borderless lives' with Nu Global, catering to individuals with financial ties across multiple countries. The initial rollout targets key markets such as Brazil, Colombia, Mexico, and the U.S., which are known for high-volume remittance corridors. This strategic move not only enhances Nubank's service offerings but also positions it as a significant player in the growing adoption of stablecoins in international finance.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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