USBC Partners with Uphold and Vast Bank to Launch the First Retail Tokenized Deposits, Designed to Provide Worldwide Access to U.S. Dollar Deposit Accounts

Core Viewpoint - USBC, Inc. has announced a strategic partnership with Uphold and Vast Bank to launch the world's first retail tokenized deposit offering, which will provide global access to U.S. dollar-denominated tokenized deposits and accounts, enhancing the future of digital finance [1][5]. Group 1: Partnership Details - The partnership will allow Uphold's customers to open U.S. dollar deposit accounts, enabling the holding and transferring of digital representations of U.S. dollar deposits at Vast Bank on USBC's blockchain starting in 2026 [3]. - A non-binding Memorandum of Understanding (MOU) has been signed to finalize the terms of the partnership, with a definitive agreement expected in Q4 2025, subject to board and regulatory approvals [8]. Group 2: Product Features - USBC tokenized deposits are designed to be compliant with U.S. regulations, offering FDIC insurance eligibility and Reg E protections, distinguishing them from synthetic stablecoins [6][7]. - The product provides three key advantages: unparalleled safety, regulatory confidence, and programmable finance, enabling instant settlement and real-time international payments [7]. Group 3: Strategic Implications - This initiative is expected to accelerate revenue by increasing deposit volumes at Vast Bank and enhancing engagement with retail and institutional clients [6]. - USBC aims to solidify its position as a leader in digital finance by integrating traditional banking protections with blockchain technology, thereby expanding the global influence of the U.S. dollar [5][16].