Nu launches U.S. services after OCC approval

Nu has launched U.S. deposit accounts, credit cards and international transfers through Lead Bank while introducing a stablecoin-based account serving more than 35 countries. Summary Nu has launched U.S. accounts, cards and remittances through FDIC-insured partner Lead Bank initially online. Nu Global converts customer deposits into USDC or EURC while offering daily variable yields internationally. The U.S. account pays 3.50% APY, while its credit card provides unlimited 1.5% cashback initially. Nu’s national bank charter remains conditional, with Federal Reserve and FDIC approvals still pending today. More than 140 million customers use Nu across Brazil, Mexico and Colombia, the company says. Nu said on Sept. 10 that customers could register immediately for early access to the products. The NYSE-listed financial technology company is entering the U.S. through a partner-bank structure because its own national bank charter remains subject to further regulatory approvals. The U.S. offering includes an account paying a variable 3.50% annual percentage yield, a debit card and a Mastercard credit card carrying no annual fee. Nu Global, a separate international product, converts customer...