Nubank has begun operations in the United States and launched Nu Global, a cross-border account that uses stablecoins for transfers in more than 35 countries, according to the company’s disclosed plans.

The launch combines a high-yield account in the U.S. with commission-free transfer services and a new global account product aimed at moving funds internationally. Under Nu Global, users will be able to convert funds into USDC and EURC, two stablecoins designed to track the U.S. dollar and euro, respectively.

Nubank also said users will be able to trade bitcoin and ether through the offering. The company said customers from Brazil, Colombia, Mexico, and the United States will be integrated in the coming months, making the product a regional expansion rather than a U.S.-only rollout.

The U.S. operation will begin with Lead Bank as Nubank pursues its own banking license. According to the disclosed plan, the company applied for authorization in September 2025. The available details do not specify the exact structure of the stablecoin transfers, including settlement mechanics, custody arrangements, or whether all product features will launch at the same time in each market.

Nubank is entering a crowded U.S. banking and fintech market and said it plans to focus on underserved segments, particularly Latin American consumers. That makes the cross-border element central to the launch. Stablecoins have increasingly been positioned as payment rails for faster international transfers, and Nubank’s approach brings that model into a retail banking product rather than a crypto-native platform.

Why It Matters

The development adds to a broader shift in which stablecoins are being used less as standalone trading instruments and more as financial infrastructure for payments and cross-border transfers. When a large digital bank incorporates USDC and EURC into an international account, it pushes stablecoin usage closer to mainstream consumer finance.

It also puts more focus on how regulated financial firms may blend banking services, crypto access, and global payments in one product stack. If Nubank can expand the service across its target markets, it could increase competition in remittances and cross-border banking for Latin American users who have traditionally faced higher friction moving money internationally.