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Nubank launches swap service for cryptocurrencies with USDC stablecoin
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Nubank has just announced a new feature for its cryptocurrency customers: swap, a system that allows you to exchange crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Uniswap (UNI) for the USDC stablecoin and vice versa . With this launch, Nubank responds to the growing demand from customers interested in moving their cryptocurrencies in a practical and secure way, within the bank’s own application.
Choosing USDC as the reference stablecoin in the swap brings more security to investors, according to Nubank. USDC is dollar-backed, which ensures stable value parity, reducing the volatility normally associated with cryptocurrencies.
This feature can become an important differentiator for users looking for protection against local inflation and more stability in their transactions.
The new swap service will be gradually released to Nubank Cripto customers over the next few weeks. To use it, simply access the cryptocurrency section in the app and select the “Exchange” option.
Nubank
This new feature will initially operate with four of the most popular cryptos on the market, with plans to add new pairs of tokens in the coming months, further expanding transaction options for customers.
According to Thomaz Fortes, executive director of cryptocurrencies and digital assets at Nubank, the swap reflects users’ increased interest in integrating crypto assets into their financial strategies.
“By offering this functionality, Nubank facilitates the management of crypto assets and allows customers to take advantage of potential appreciation without leaving the market”, explains Fortes.
Furthermore, the swap rate presents itself as a competitive alternative to the conversion rate into reais, encouraging customers to explore this tool.
Nubank also recently introduced a cryptocurrency price alert tool, which covers the main digital currencies, including USDC, BTC, ETH, SOL and UNI. This function allows you to configure notifications for price changes of 3%, 6% or 9% within a 24-hour period, helping the user to monitor the market in real time.
Furthermore, the bank implemented a significant reduction in cryptocurrency purchase and sale fees, reducing values by up to 62.5%. This initiative seeks to make transactions more accessible, with rates varying according to the volume traded within a 45-day window, extended to allow for greater flexibility.
Nubank launches swap service for cryptocurrencies with USDC stablecoin
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Nubank launches swap service for cryptocurrencies with USDC stablecoin
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Nubank launches swap service for cryptocurrencies with USDC stablecoin
