USBC, Uphold, and Vast Bank launch world’s first retail tokenized U.S. dollar deposits with global access

USBC, Uphold, and Vast Bank are teaming up to roll out the world’s first retail tokenized U.S. dollar deposits, combining the security of traditional banking with the speed of blockchain.

NYSE-listed USBC has partnered with Uphold and Vast Bank to launch the world’s first retail tokenized U.S. dollar deposits.

The new offering combines traditional banking protections with blockchain technology, allowing U.S. dollar deposits held at Vast Bank to be represented digitally on USBC’s privacy-focused blockchain. The deposits are structured to be eligible for FDIC insurance and comply with U.S. banking regulations, including Reg E protections.

Uphold’s platform will allow customers worldwide to open U.S. dollar deposit accounts and manage tokenized deposits starting in 2026. The partnership is expected to drive revenue, expand USBC’s market reach, and set a global standard for regulated digital money.

Unlike stablecoins , which are synthetic and lack banking protections, USBC tokenized deposits will be backed by real U.S. dollars held in a regulated bank.

“By combining the regulatory strength of the national bank charter with the scalability and accessibility of blockchain technology, we’re not just innovating the U.S. dollar—we’re expanding its global influence. This new partnership with Uphold and Vast Bank positions USBC at the forefront of digital finance, building a transformative pathway to move money around the world in a fully compliant and regulated environment, unlocking meaningful opportunities to drive revenue and create shareholder value,” said Greg Kidd, USBC Chairman and CEO.

USBC, Uphold , and Vast Bank are currently finalizing a non-binding Memorandum of Understanding, with the definitive agreement pending board and regulatory approvals.