USBC (USBC)
Builds a permissioned network for tokenized U.S.-dollar bank deposits.
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Develops a permissioned network for tokenized U.S.-dollar bank deposits, with Vast Bank issuing deposits and Uphold supplying wallet access and integration. Still pre-commercial, prospective revenue depends on network services and deposit balances rather than issuing a stablecoin.
Builds the USBC Tokenized Deposit Network, a permissioned Solana-based system designed to represent eligible customers’ U.S.-dollar balances as demand-deposit liabilities of an insured bank rather than USBC-issued stablecoins. Vast Bank is the initial issuing bank; Uphold supplies wallet access, customer referrals, and the integration layer. The planned stack combines verified digital identity, a rules engine, banking connections, applications, partner APIs, and white-label tools for payments, remittances, settlement, and treasury activity.
Operates as non-bank infrastructure and says it will not take custody, control, or possession of customer funds or digital assets. The initial external pilot remains invite-only rather than a general commercial launch, with future revenue tied to network services and tokenized-deposit balances. Launch, customer access, and deposit issuance depend on Vast Bank, Uphold, regulatory approvals and requirements, integration, and adoption.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.0M · Total debt $15.2M · Total assets $66.5M · Shareholders' equity $46.4M
- Revenue
- $0
- Operating income
- −$16.4M
- Net income
- −$20.8M
No dividends on record.
| Institutions | 0.48% | 1.87M shares | |
|---|---|---|---|
| 24 holders · as of Jun 30, 2026 | |||
| Other | 99.52% | 386.28M shares | |
| remainder | |||
388.14M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
CRCM LPInstitution | 0.14% | 555,325 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 0.07% | 272,014 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 0.06% | 218,753 | as of Jun 30, 2026 |
Vontobel Holding Ltd.Institution | 0.05% | 190,653 | as of Jun 30, 2026 |
Vanguard Fiduciary Trust CoInstitution | 0.04% | 145,320 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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- PayPal
Consumer digital-dollar wallets, merchant checkout, and remittances.
- Coinbase
USDC payments, embedded wallets, and developer APIs.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| USBC | $0.5364 | +1.25% | $205.6M | — | — | — | — |
| JPMorgan Chase | $340.03 | −3.41% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Circle | $94.72 | +0.24% | $25.26B | 50.3 | — | 8.7 | +6.6% |
| Citi | $131.99 | −2.27% | $231.60B | 14.6 | 11.4 | 1.3 | +14.3% |
| PayPal | $53.02 | +0.75% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| Coinbase | $199.90 | −0.57% | $53.04B | — | 305.8 | 9.6 | −18.5% |
| Median | 14.9 | 12.7 | 3.2 | +6.6% |