Nexo, the Switzerland-based digital assets wealth platform, saw its stablecoin balances climb roughly 7.5% to $8.44 million. The uptick coincides with what the company describes as a broader wave of user growth across its platform, which now serves millions of users in more than 150 countries.

Steady inflows paint a clearer picture

During April and May 2026, Nexo reported average monthly net inflows exceeding $4 million in stablecoin deposits alone. Nexo offers interest rates as high as 14% on certain digital assets and stablecoins, with daily compounding options.

Nexo’s evolution from lender to wealth platform

Nexo was founded in 2018 by Antoni Trenchev and Kosta Kantchev, with headquarters in Zug, Switzerland. The company initially carved out its niche in crypto-backed lending, a product category that let holders borrow against their digital assets without selling them. Nexo now offers interest-bearing accounts, lending services, and a suite of wealth management tools designed to serve both retail and institutional clients.

With assets under management reported in the $7 billion to $11 billion range as of Q1 2026, Nexo sits comfortably among the larger centralized crypto platforms globally. The company has been working on a re-entry strategy for the US market, a process that requires careful compliance maneuvering. Despite those hurdles, Nexo has maintained its global footprint across more than 150 jurisdictions.

What this means for investors

There’s also a risk dimension that sophisticated investors should consider. Centralized yield platforms operate on a trust model. Users deposit assets, and the platform deploys them to generate returns. The collapses of platforms like Celsius and BlockFi in previous market cycles serve as cautionary tales about what happens when yield promises outpace risk management.