Nu Holdings Ltd. (NYSE: NU) started operations in the United States on September 10, 2026 and introduced Nu Global, a multi-currency digital account that converts customer deposits into Circle’s dollar- and euro-pegged stablecoins, USDC and EURC.

The pair of products is in the company’s Business Wire release and a matching Form 6-K filed the same day. Bitcoin.com and Colombia One carried the same facts. Nu is the largest digital bank in Latin America, with more than 140 million customers across Brazil, Mexico, and Colombia, according to the September 10 materials.

The U.S. launch and Nu Global arrived on the same morning. They are separate accounts.

In the United States, Nu is a financial technology company. The release says banking services and the Nu Credit Card are provided by Lead Bank, Member FDIC. Deposits sit at that partner. Nu applied for a U.S. national bank charter in 2025 and received preliminary conditional approval from the Office of the Comptroller of the Currency in January 2026. The 6-K says U.S. products are launching “in the interim through a partner-bank model.” The proposed bank, Nubank, N.A., is still organizing. Nu’s January 29 notice said the OCC decision does not let Nubank, N.A. open as its own national bank until remaining conditions, including FDIC insurance and Federal Reserve steps, are met.

Nu Global is a different wrapper. The terms and conditions name Nu Global AG, at Grafenauweg 8, 6300 Zug, Switzerland (company number CHE-349.146.623). It is a member of VQF, a FINMA-recognized self-regulatory organization, and says it is not directly supervised by FINMA. Those terms also close the product to U.S. persons.

What ships in the United States

The 6-K lists the U.S. stack: deposit accounts with a daily yield of 3.50% APY, fee-free domestic and international money transfers, and a no-annual-fee credit card with unlimited 1.5% cashback.

The press release fills in the names. The Nu Account advertises 3.50% APY on every dollar, with interest calculated and paid daily on the available balance, and includes a limited-edition Nu Account metal debit card. A footnote dated September 10, 2026 says the rate is variable and can change at any time, including after account opening. Fee-free transfers start with Brazil, Mexico, and Colombia, then expand. The Nu Credit Card, through an exclusive Mastercard relationship, has no annual fee and unlimited 1.5% cashback on every purchase, plus Mastercard World Elite benefits and a limited-edition metal card. A later 4.50% APY on a savings goal of up to $10,000 is described as coming soon for customers who hold both a Nu Account and a Nu Credit Card and make 3 or more eligible card transactions in the last 34 days. A 2% cashback boost is also described as coming soon under qualifying conditions.

Cristina Junqueira, co-founder and CEO of Nu US, said the firm wants “to earn the place of being people’s primary banking relationship.” The published facts are a partner-bank deposit account, a cashback card, and free rails toward the three home markets.

Nu Global: USDC remittance, Swiss claim

Nu Global is the cross-border product. The 6-K describes a multi-currency account with “fast and free” transfers across 35+ countries, initially between Europe and Latin America, with Brazil, Colombia, Mexico, and the U.S. planned. Deposits are converted into USDC or EURC. Advertised yields are 3.50% APY on the dollar stablecoin and 2.20% APY on the euro stablecoin. The release says those yields accrue daily. A virtual Mastercard is paired for global spend “at competitive exchange rates with no markups.” Customers “may also hold and trade a curated selection of digital assets, including Bitcoin and Ethereum.”

Chain Articles and Colombia One repeat those figures. They rest on Nu’s own filing, not on an independent rate sheet you can audit from the outside.

The legal structure is the load-bearing part. Section 5.2 of the Nu Global terms says you do not own specific, identifiable coins on a blockchain or insured accounts with Nu Global. You have a contractual claim against Nu Global AG for the amount and type of each crypto asset and the fiat amounts shown in the app. In a bankruptcy of Nu Global, the terms say those assets would be part of the company’s estate. You would rank as an unsecured creditor. The account “is not subject to any deposit protection scheme.” Nu Global says a Swiss-bank default guarantee sits behind that claim “to the extent required by law.” That is a contractual recovery path, not FDIC insurance and not a segregated wallet you alone control.

For someone sending money between Europe and Latin America, the pitch is one app, no transfer fee, and a dollar or euro balance that can sit as USDC or EURC until it is spent. The corridor the 6-K names first is Europe and Latin America now, with home-market apps later. That is a remittance product from a bank already present in Brazil, Mexico, and Colombia.

Yields on both products are advertised rates and can change. This is not a recommendation to open either account, hold USDC or EURC, or move savings onto a Swiss contractual claim.

Takeaway

On September 10 Nu opened a U.S. front door through Lead Bank and a separate global account that converts balances into Circle stablecoins. The first is an FDIC-partner deposit product while Nubank, N.A. is still organizing. The second is a Zug-based claim that the terms say is not deposit-insured. If you use Nu Global to move money toward Brazil, Colombia, or Mexico, read the claim language before you treat the APY as a savings account.