Nu digital bank launch expands into the U.S. with 3.50% APY accounts

Nu, the digital banking giant behind Nubank in Latin America, has officially crossed into the U.S. market, rolling out deposit accounts, credit cards and international transfers for American customers. The Nu digital bank launch arrives alongside a separate global product called Nu Global, a multi-currency digital account that converts deposits into the stablecoins USDC and EURC and moves money across more than 35 countries. Together, the two launches mark the company’s clearest step yet toward building a presence outside its home markets of Brazil, Mexico and Colombia.

Key takeaways

• Nu has launched U.S. banking services — deposit accounts, credit cards and international transfers — through partner bank Lead Bank, an FDIC member.
• The U.S. Nu Account pays a variable 3.50% APY, while the no-annual-fee Mastercard credit card offers unlimited 1.5% cashback, with a 2% tier planned for qualifying customers.
• Nu Global, a separate multi-currency digital account, converts every deposit into USDC or EURC and supports transfers across more than 35 countries with no service fee.
• Nu’s own national bank charter, Nubank, N.A., has only conditional OCC approval and still needs Federal Reserve and FDIC sign-off before it can operate independently.
• Nu reported $1.06 billion in net income for the second quarter of 2026, its first quarter above $1 billion, while serving more than 140 million customers globally.

Nu Launches Operations in the U.S.

Nu is now open for business in the United States, but not as a licensed bank in its own right. Customers can register for early access to a new lineup of accounts and cards that Nu says will roll out initially online, according to the company’s own announcement and reporting from crypto.news.

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