Ex-Ripple executive’s USBC, Uphold, and Vast Bank formalize deal for tokenized bank deposits

USBC, led by former Ripple executive Greg Kidd, has formalized a strategic partnership with Uphold and Vast Bank through a definitive triparty agreement. This deal formalizes an earlier memorandum of understanding and focuses on collaborating across regulatory, banking, and technology stacks to deliver tokenized bank deposits within regulated frameworks.

The initiative is designed to enable faster settlement, enhanced treasury operations, and digital asset services, contingent upon receiving necessary regulatory approvals. USBC, formerly Know Labs, is focused on its USBC deposit token, digital assets, and Bitcoin treasury strategy following its rebranding and acquisition by Goldeneye 1995 LLC.

(Source：Crypto Briefing)