Nu launches U.S. banking and USDC global account

Nu disclosed the two launches on Sept. 10 through a company release and a corresponding SEC filing. Summary Nu has launched U.S. financial products through Lead Bank while its own charter remains preliminary. Nu Global converts customer deposits into USDC or EURC and supports transfers across 35-plus countries. U.S. deposit accounts offer 3.50% APY while Nu’s credit card pays 1.5% unlimited cashback initially. Nu Global advertises 3.50% on USDC balances and 2.20% on EURC balances paid daily currently. OCC approval remains preliminary, requiring FDIC approval, Federal Reserve membership and preopening conditions before launch. Nu has begun rolling out U.S. banking products and a separate global account that converts customer funds into USDC or EURC. Users can register for access, although the company release described both offerings as products that will be released in stages beginning Sept. 10. The U.S. operation provides deposit accounts, debit cards, credit cards and domestic or international transfers through Lead Bank. Nu Global serves cross-border customers through accounts denominated in USDC and EURC, with transfers available across more than 35 countries. The two products u...