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USBC (NYSE:USBC) announced a preliminary partnership with Uphold and nationally‑chartered Vast Bank to introduce the world’s first retail tokenized U.S. dollar deposits, with on‑chain deposit accounts hosted on USBC’s privacy‑preserving blockchain beginning in 2026. The firms signed a non‑binding MOU and intend to finalize terms in Q4 2025, subject to board and regulatory approvals. USBC says deposits will be held at Vast Bank, designed to be eligible for FDIC insurance (as applicable) and to receive Reg E protections, while Uphold provides global access and customer onboarding.
The announcement positions USBC to scale programmable finance, cross‑border settlement, and B2B licensing opportunities if approvals are obtained.
USBC (NYSE American: USBC) will attend the Money20/20 USA conference in Las Vegas from October 26–29, 2025 to present its retail tokenized deposit strategy. Led by Chairman and CEO Greg Kidd, the company will discuss its vision for tokenized deposits—interest-bearing, bank-backed digital dollars built on blockchain—and its recent strategic acquisition completed over the summer. USBC will appear on panels, host meetings at a booth on the conference floor, and participate in the Moving On-Chain Summit powered by Uphold on Sunday, October 26 (capacity limited, first-come, first-served). The team will be available for partnership discussions and product demos throughout the event.
USBC (NYSE American: USBC), formerly known as Know Labs, has completed its corporate rebranding following a significant strategic acquisition. The company announced the successful implementation of its new name and ticker symbol change, effective August 15, 2025.
This transformation follows the $125 million strategic acquisition of a controlling interest by Goldeneye 1995 LLC, completed on August 6, 2025. The acquisition was led by Greg Kidd, who has been appointed as the Company's new Chairman and CEO. The rebranding aligns with the company's new strategic focus on the USBC deposit token.
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