Uphold, Vast Bank, and USBC Inc. have announced a partnership to launch tokenized U.S. dollar deposits for retail customers globally, starting in 2026. This initiative will enable Uphold users to open accounts with Vast Bank, where their deposits will be held as tokenized digital dollars. These deposits will be backed by FDIC insurance and Reg E protections, offering a secure alternative to traditional stablecoins. Unlike conventional stablecoins, the tokenized deposits will be issued by a U.S.-chartered bank and recorded on USBC's blockchain. This approach combines the efficiency of blockchain technology with the security and regulatory compliance of traditional banking, providing a novel financial product for users worldwide.