New LaunchAug 3, 2026, 05:03 PM
USBC Advances Tokenized Deposit Product, Launches USBC Pay
AI Summary
USBC, Inc. drew an additional $3.0 million under its Master Loan Agreement, bringing the total outstanding to $18.0 million at an 8.5% interest rate, secured by Bitcoin. Concurrently, the company is advancing its multi-phase strategy to bring the USBC tokenized deposit product to market. It successfully completed Phase 1 of internal testing and initiated Phase 2 for expanded testing and commercial readiness, including the development of USBC Pay for merchant payments.
Key Highlights
- USBC drew an additional $3.0 million under its Master Loan Agreement.
- Aggregate principal outstanding under the MLA is now $18.0 million.
- The loan bears an interest rate of 8.5% per annum, maturing July 28, 2027.
- Loan is secured by 479 Bitcoin collateral held by an affiliate of the Lender.
- Completed Phase 1 of the multi-phase tokenized deposit product delivery strategy.
- Initiated Phase 2 for expanded testing and commercial readiness of the platform.
- Developed USBC Pay to support merchant payments on the tokenized deposit platform.
Price Impact
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