- Brazilian fintech bank Nubank has announced that it has suspended trading of its cryptocurrency Nucoin.

- In a blog post on September 10, the bank said that Nucoin can no longer be bought or sold in the app.

- Nucoin was launched in 2022 on the Polygon blockchain as part of a rewards program.

- Nucoin will now be used exclusively to earn bonuses and discounts in the Nubank ecosystem.

- Customers will be able to exchange Nucoin for Bitcoin or digital dollars (USDC) until December 9, 2024.

- The decision comes amid concerns about the bank's financial stability and a rise in non-performing loans.