Latin America’s fintech giant Nubank starts offering services with Cardano, Algorand

The Brazilian giant of Neobank Nubank expanded his crypto offers, adding support to Ada, near, Atom and Algo.

Nubank, a Brazilian Neobank with more than 85 million customers, expands its crypto offer with four new tokens, giving customers of its cryptographic arm, Nubank Cripto, access to Cardano (ADA), Near the protocol (CLOSE), Cosmos (ATOM), and Algorand (SOMETHING).

With this expansion, the Nubank crypto portfolio now includes 20 assets, such as Bitcoin (BTC), Ethereum (Ethn), and the USD part (USDC) Stablecoin among others. Thomaz Strong, Executive Director of the Crypto and Virtual Assets Division of Nubank, commenting on the expansion of the portfolio, said that the company planned to continue to “extend our selection of tokens throughout the year, always with a careful analysis of options”.

Earlier in January, Nubank spear A fixed annual return of 4% for USDC carriers, which makes the functionality available to all Wallet Crypto users. To be eligible, customers must maintain a minimum balance of 10 USDC in their cryptographic portfolios. Yields are credited daily and users can activate or deactivate the function via the Nubank application.

Nobank worked to develop its crypto offers, although all efforts did not go well. For example, in September 2024, the bank decree Exchange of his Nucoin token, saying that he wanted to protect users from market volatility. The bank launched Nucoin at the end of 2022 on the Polygon network as part of a reward program offering advantages such as discounts.