USBC shares surge 18.88% after-hours after finalizing strategic partnership for tokenized deposits with Uphold and Vast Bank.

USBC, Inc. surged 18.88% in after-hours trading following the announcement of a finalized tripartite agreement with Uphold and Vast Bank to develop and commercialize tokenized, regulated U.S. dollar deposits. The definitive partnership formalizes a memorandum of understanding signed in October 2025, aiming to build the regulatory, banking, and technological infrastructure for mainstream adoption of tokenized USD. CEO Greg Kidd emphasized the collaboration defines USBC’s vision for scalable, bank-regulated digital dollars, with applications including faster settlements, enhanced treasury operations, and new digital asset services for institutional and retail clients. The move aligns with USBC’s mission to transform traditional bank-issued dollars into compliant tokenized deposits, though regulatory approvals and technical milestones remain pending.