Nubank takes its global account international
Hey Digital Banking Fanatic!
Nubank is taking its next step beyond Latin America. Its new Nu Global account is welcoming its first customers in the US, offering a different way to earn, spend, and move money across borders.
The offering combines yields of 3.50% APY on USDC and 2.20% on EURC, fee-free transfers to more than 35 countries across Latin America and Europe, a portfolio of digital assets, and a virtual card with automatic currency conversion.
What I find interesting is how Nubank is bringing together everyday banking, stablecoins, and cross-border spending in one account. Rather than treating digital dollars and euros as something separate from banking, it’s making them part of the customer experience.
And that raises a bigger question: if customers can earn yield on digital assets and move money internationally with fewer fees, how much money will they still want to keep in traditional bank accounts?
That’s also the question explored by Maple, which looks at how stablecoins and tokenised credit could reshape where people hold their money.
Here’s what else is happening in digital banking today👇
See you on Monday!
Cheers,
INSIGHTS
💡 Maple: Why banks will hold less of your money. Banks pay around 10 basis points on deposits, while stablecoins and tokenised credit products are opening up new ways to put money to work. Maple explores how onchain infrastructure and AI agents could shift funds away from traditional checking accounts, with as much as $1 trillion in potential deposit outflows modelled by the Fed if liquidity doesn’t flow back into the banking system. See why Maple believes the way we hold money could change.
NEWS
🇧🇷 Mastercard launches AI benefits assistant Mastercard Max, initially with C6 Bank in Brazil. Issuers can embed contextual benefit recommendations tailored to eligibility and location within banking applications.
🇰🇼 Boubyan Bank and Mastercard partner to support Kuwait’s FinTech ecosystem. The agreement will help eligible FinTechs build and scale financial products through Boubyan’s Banking-as-a-Service platform, offering card issuance, cardless ATM withdrawals and virtual IBANs.
🇩🇪 Quirin Privatbank selects Tuum as its new core banking platform. The Berlin bank will run Tuum's Accounts, Deposits, Payments and Loans modules. The move targets client onboarding in minutes and SEPA Instant payments.
🌐 Nu welcomes its first customers to Nu Global, a new global account. The account pays 3.50% APY on USDC and 2.20% APY on EURC. Transfers to more than 35 countries in Latin America and Europe carry no fees.
🇺🇸 SoFi partners with Prudential to expand access to digital life insurance. More than 15 million SoFi members can explore, apply for and purchase Prudential's SimplyTerm coverage directly through the app, with eligible customers able to obtain coverage in minutes without a medical exam.
🇺🇸 SoFi launches SoFi Earn, the first national bank-issued tokenized deposit for consumers. Each SOFIE earns 4.40% APY with FDIC insurance up to applicable limits. Members can convert it 1:1 to SoFiUSD to buy crypto or move funds 24/7.
🇬🇧 UK FinTech Revolut is expected to issue debt in 2027, S&P says. S&P assigned Revolut Ltd. a BBB+ long term rating with a positive outlook. It expects Revolut's holding company to start issuing senior unsecured debt.
🇵🇰 Mashreq launches NEO BIZ in Pakistan, a dedicated digital banking proposition built for SMEs and sole proprietors. The launch targets a market of about 7.14 million MSMEs, where access to formal financing remains limited.
🇪🇬 Souhoola secures FRA approval to offer consumer finance using financial technology. The licence covers electronic customer identification, contract execution, and digital records. Its application predated a February 2026 freeze on new applications.
🇬🇧 Barclays plans to cut 5,000 jobs as it increases its use of AI. The cuts represent about 5% of its workforce, with 1,000 roles already eliminated and another 4,000 expected by year-end. The bank is using AI and other technology to simplify operations and reduce costs
🇺🇸 Lead Bank expands its role as a banking infrastructure partner to major FinTechs. Under investor Jackie Reses, the Kansas City-based bank has built relationships with companies including Nubank, Stripe and Affirm, providing regulated banking infrastructure for their financial products.
🇪🇸 BBVA explores AI agent security with NVIDIA. The bank is evaluating NVIDIA's OpenShell architecture to strengthen security and governance as it deploys more AI agents. The collaboration focuses on monitoring agent activity and enforcing security boundaries.
🌍 European banks and FinTechs turn to NVIDIA's open AI models. Revolut, Starling, Lloyds and bunq are among the firms building proprietary AI systems using NVIDIA technology. Stripe also reported 42x faster data pipelines and 92% cost savings in offline fraud-detection tests.
🌐 TerraPay integrates its Verify solution with Kinexys by J.P. Morgan's Liink network. Participants can now validate bank account and wallet details before sending payments. An estimated 10 to 15% of international payments fail over incorrect payee details.
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