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The Coin Rise 2025-01-15 22:49:05

Nubank Launches 4% Annual Return for USDC Holders

Nubank, a leading digital bank in Brazil, has introduced a new feature that provides a fixed 4% annual return for users holding Circle’s stablecoin, USDC. According to the announcement , this offer is available to customers using the bank’s crypto wallet. It also represents a significant expansion of the bank’s crypto rewards program, which was previously tested with a small group of customers last year. Nubank Expands Crypto Reward Program Nubank’s new offering helps users earn a steady 4% return on their USDC savings. Customers must keep at least 10 USDC in their crypto wallets to qualify. To get started, users must also open the Nubank app, go to their crypto wallet, and click “I want to participate.” Notably, this reward program offers great flexibility. Customers earn rewards every day and can see their earnings in real-time. Furthermore, they can access their USDC funds quickly since they can withdraw or transfer their balance without waiting. Users also have the freedom to turn the reward program on or off whenever they choose, giving them full control over their crypto holdings. Meanwhile, Nubank’s decision shows that more traditional banks in Latin America are starting to offer cryptocurrency products. This shift happens as digital currencies become more popular in the region. Circle USDC Gains Native Support on Aptos In November 2024, Stripe, a payment processing platform, partnered with Aptos (APT), a layer-1 blockchain, and Circle to reach new markets with its service . As reported by TheCoinrise, Stripe ensures the availability of crypto on-ramp services on Aptos. Users can directly convert fiat currencies into USDC via the Aptos-enabled crypto wallet. Before this partnership, USDC was only available as a bridge version on the network. However, with the collaboration, Circle integrates Aptos into its Cross-Chain Transfer Protocol, a tool that allows USDC to move across various blockchains. Jeff Weinstein, Stripe’s Product lead, explained that users in the United States can integrate the USDC payments using Stripe’s checkout elements . Nubank Introduced Nucoin Recall that in 2022, the Latin America fintech bank launched its cryptocurrency, Nucoin . Interestingly, customers who accumulated Nucoins were offered discounts, among other perks and benefits. The token was also issued to customers at no cost. According to the announcement, Nucoin qualifies as a token because it benefits customers with wallet assets. However, the token remains a cryptocurrency, as it has a single value that is exchangeable during transactions. That same year, Nubank recorded 1 million crypto users monthly . The post Nubank Launches 4% Annual Return for USDC Holders appeared first on TheCoinrise.com .

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