Nu Launches US Banking, USDC Global Account with 3.50% APY Offerings

Nu, Latin America's largest digital bank, has launched U.S. banking and USDC global accounts. The U.S. operation provides deposit accounts, debit cards, credit cards, and domestic or international transfers through Lead Bank, while Nu Global serves cross-border customers through accounts denominated in USDC and EURC. The U.S. account pays a 3.50% annual percentage yield on available dollar balances, and interest is calculated and credited daily. Nu's credit card pays 1.5% unlimited cashback initially. The OCC approval remains preliminary, requiring FDIC approval, Federal Reserve membership, and pre-opening conditions before launch.