Nubank received a Brazilian banking license, allowing it to keep its name under rules that require financial institutions’ names to reflect the services they are authorized to offer. The company says it serves 65% of Brazil’s adults.
Nubank also announced a U.S. expansion after receiving conditional approval from the Office of the Comptroller of the Currency. It plans to offer services there through a partnership with Lead Bank. The company launched Nu Global, a USDC-based account for cross-border transfers and crypto payments.
