Nubank to launch Nu Global multicurrency account based on USDC and EURC

Nubank, the largest digital bank in Latin America that supports cryptocurrency trading, said it is entering the U.S. market and launching Nu Global, a multicurrency account service based on the dollar stablecoin USDC and euro stablecoin EURC. Funds deposited into Nu Global will be converted into USDC or EURC and will earn daily interest at annual rates of 3.5% and 2.2%, respectively. Users will be able to send money fee-free to more than 35 countries and hold and trade select cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH). Nubank also plans to support links with accounts in Brazil, Colombia, Mexico and the U.S. in the future.