Nubank, a leading digital bank in Brazil, has introduced a new feature providing a fixed 4% annual return for users holding Circle’s stablecoin, USDC. This initiative is part of the bank's expanded cryptocurrency offerings.
Nubank Expands Crypto Reward Program
Nubank's new offering assists users in earning a steady 4% return on their USDC savings by maintaining at least 10 USDC in their wallets. This program can be activated via the Nubank app and provides daily rewards along with user control over crypto assets, highlighting the increasing involvement of Latin American banks in digital currencies.
Circle USDC Gains Native Support on Aptos
In November 2024, Stripe announced a partnership with Aptos and Circle to integrate USDC on the Aptos blockchain, allowing users to convert fiat currencies into USDC. Previously, USDC was only available as a bridge version on the platform.
Nubank Introduced Nucoin
In 2022, Nubank launched its own cryptocurrency, Nucoin, offering customers benefits and discounts through token accumulation. Nucoin was issued to customers at no cost and can be used in transactions, demonstrating Nubank's growing crypto user base, which exceeded 1 million monthly users.
Nubank continues to expand its cryptocurrency initiatives, demonstrating leadership in adopting digital financial technologies in Latin America.
