USBC, Uphold, and Vast Bank Launch First Retail Tokenized USD Deposits with Global Access

USBC, Uphold, and Vast Bank are pioneering the first retail tokenized U.S. dollar deposits, merging traditional banking security with blockchain efficiency. The offering, set for a 2026 rollout, will enable global customers—including enterprises and institutions—to open USD accounts and manage tokenized funds via Uphold's platform.

Deposits will be backed by real USD held at Vast Bank, eligible for FDIC insurance, and compliant with U.S. regulations like Reg E. Unlike synthetic stablecoins, this solution combines banking protections with the transparency of blockchain. The NYSE-listed USBC aims to set a global standard for regulated digital money, leveraging its privacy-focused blockchain.

The partnership is poised to expand USBC's market reach and drive revenue, marking a significant step toward institutional adoption of tokenized assets. The initiative underscores the growing convergence of traditional finance and decentralized technology.