5 days left to apply to Frontiers by @paradigm! talks from @vercel @physical_int @AmpCode @pierrecomputer @tempo @NousResearch @vectorware @commonwarexyz @PrimeIntellect + all-day hacking + epic merch oct 12–14, fort mason, san francisco. apply below!

My main message was: for now, stablecoins solve clear pain points, especially slow and expensive cross-border payments. But once people (and corporates) get comfortable with stablecoins, we’ll start talking about the more interesting stuff, like agentic payments.

Customers are asking their banks for stablecoin payments because they are cheaper, settle in seconds, and don't stop for weekends or holidays. We put together a practical guide to help banks get started 👇🏻

Customers are asking their banks for stablecoin payments because they are cheaper, settle in seconds, and don't stop for weekends or holidays. We put together a practical guide to help banks get started 👇🏻

Putting this report into practice starts with what you build next. Building stablecoins into your product? Reach out. Let’s explore how Tempo could help you launch faster, make the economics work, and build with yield and privacy in mind.

“Let me walk you through what you can actually do with Nu Global… …It's a multicurrency account that sits on stablecoins, where customers can hold digital dollars and euros with a 3.5% annual yield on dollars and 2.2% on euros, paid daily. …You can create a virtual card with our partner Mastercard, add it to your wallet with no international transaction fees or hidden markup to spend as you go around the world. Finally, we liberate money. Money can move across for more than 35 countries quickly, no transfer fees, no exchange rate spreads.” David Velez, Nubank, Welcome to the Nu Era

“We are already able to bring all of this to you today with our partner Lead Bank. As you may have heard, earlier this year, federal regulators approved our plans to build a national bank in the U.S., and we can't wait to open the doors of the bank next year and be able to offer even more to our customers.” - Cristina Junqueira, Nubank, Welcome to the Nu Era

“As we think about the next few decades, the answer became obvious. Continue expanding our model globally beyond our core markets and try to serve those customers incredibly well. Wherever they are.” - David Velez, Welcome to the Nu Era

Nubank’s “model can travel. Because the problems we're solving are not specific to Brazilians or Mexican and Colombians. These problems are global in nature and not specific to any single country” - David Velez, Welcome to the Nu Era

Hiring for product engineers to work on the front lines with us @tempo and our customers - build protocols (EVM for payments) - vertically integrated tech stack - real world products with 100M+ users - serious customers (fintechs, banks) - unlimited AI budget to move fast

ITS HERE! @Nubank's US bank has launched with savings, cards and remittances. 🚀 It's launching in partnership with Lead Bank while it waits for its full charter. - Offers a 3.5% annual percentage yield (APY) on deposits. - If you get a credit card, it becomes 4.5% - The credit card has no annual fee with UNLIMITED 1.5% cashback on purchases. - Cashback will be 2% if you bring over direct deposit. - No annual fee with 1.5% cashback on purchases. And coming soon a multi-currency, stablecoin-based account supporting interest earnings and transfers to 35 countries across Latin America and Europe --- Listening to the co-founder Cristina talk about the nature of the US banking system - The US banking system writes more checks than anywhere on earth - The mortgage division doesn't know about your checking account - Cashback cards always come with a catch "All of that nonesense has a name, its called complexity, and its been the thing we've been fighting for 13 years" When you move to the US, people who've seen what a bank can be with Nubank, they miss having a simple experience. --- So here's the US launch: Nubank got conditional OCC approval in January, and they're announcing their proposition today. Their first customer is the growing latin american diaspora. Mexicans in the US send around $63bn home a year. Nu has 15m accounts in Mexico ready to receive it and a WhatsApp remittance rail built in 2024. The US bank puts Nu on the sending side of a corridor it already owns the receiving side of. Can they make it? BBVA, N26 and Monzo came to the US to fight Chime for the same customer, and left. Chime spent $635m on marketing last year to add 1.5m active users. Nu's growth in Brazil was word of mouth. In the US, word of mouth crosses a border: your cousin in Guadalajara already has the purple card. Vélez says Nu's cost to serve is 4% to 5% of a traditional bank's. That is how you fund a 4%+ savings rate and a no-fee card inside a $250m budget. The first million US accounts come from the diaspora before Nu ever buys a Super Bowl ad I'm interviewing David Vélez for the podcast TOMORROW. What would you ask him?