Brazil's largest digital bank, Nubank, has announced that it will stop trading its cryptocurrency, Nucoin
On September 11th, according to Portaldo bitcoin, Brazil's largest digital bank Nubank announced that trading in its own cryptocurrency, Nucoin, was halted this Tuesday. The action represents the end of the cryptocurrency business launched in March 2023. Customers who hold at least 100 Brazilian real Nucoins will be able to exchange them for Bitcoin or USDC (a stablecoin pegged to the US dollar). Users have up to 90 days to make this conversion, i.e. before December 9th. If Nucoin holders do not make their choice within the deadline, the cryptocurrency will be reserved for accumulation and "to benefit from the reward program in the future".