Brazilian digital bank Nubank entered the United States market on Sept. 11 with the release of Nu Global, a multi-currency account integrating Circle's USDC and EURC stablecoins. The Swiss-based entity allows users to convert deposits into digital assets for fast money movement across more than 35 countries using an on-chain backend for balances and foreign exchange.

The expansion leverages a single technical backend to avoid the need for individual banking licenses in every country of operation. Nubank currently serves more than 140 million customers globally and provides local ramps into USDC for users in regions where specific local currencies are not yet supported.