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# Noteworthy Latin American Fintech Firm Nubank Commences Supplying Cardano and Algorand Functionalities
Brazilian neobank titan Nubank is amplifying its digital currency provisions, incorporating assistance for ADA, NEAR, ATOM, and ALGO.
Nubank, a Brazilian neobank possessing beyond 85 million patrons, is broadening its digital currency provisions via incorporating four novel tokens. This shall permit patrons of its crypto sector, Nubank Cripto, to gain entry to Cardano (ADA), NEAR Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO).
Via this amplification, Nubank’s digital currency compilation presently encompasses 20 assets, encompassing Bitcoin (BTC), Ethereum (ETH), and the USD Coin (USDC) stablecoin. Thomaz Fortes, Executive Director of Nubank’s Cryptocurrency and Virtual Assets sector, remarked concerning the compilation broadening, declaring that the firm intends to persist “broadening our assortment of tokens all through the year, consistently via meticulous scrutiny of the alternatives.”
In early January, Nubank initiated a 4% secured yearly yield for USDC proprietors, accessible to all digital currency wallet users. To be suitable, patrons necessitate upholding a balance of at least 10 USDC in their digital currency wallet. The yields are credited daily, and users can activate or deactivate the characteristic via the Nubank application.
Nubank has been functioning to broaden its digital currency provisions, albeit not all endeavors have proceeded effortlessly. For instance, in September 2024, the bank unexpectedly ceased trading its Nucoin token, asserting it desired to safeguard users from market instability. The bank initiated Nucoin on the Polygon network in late 2022 as a component of a rewards scheme, supplying advantages such as discounts. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
