USBC is a pre-revenue fintech company building a tokenized deposit platform. The core product, also called USBC, is a blockchain-based token representing an actual U.S. dollar bank deposit at a regulated, FDIC-insured bank — distinguishing it from stablecoins, which are backed by reserves rather than real deposits. The platform is designed to give users 24/7 instant settlement, programmability, and cross-border payment capabilities without leaving the traditional banking system. USBC targets retail users, fintech distribution partners, and institutional clients for treasury and cross-border settlement use cases. The company operates as a network and infrastructure provider, with Vast Bank issuing the deposit accounts and Uphold handling customer-facing distribution. The product is not yet publicly available; an internal employee pilot began in March 2026. The eventual business model involves earning fees from banks and distribution partners that deploy the platform, similar to a payment network or white-label banking infrastructure provider. With no operating revenue, USBC funds itself through a Bitcoin treasury strategy — holding roughly 1,000 Bitcoin acquired via a 2025 capital investment, selling covered call options on those holdings through external manager Hyrcanian Asset Management, and drawing on a $5M loan secured against its Bitcoin. The company is also divesting a legacy sensor technology business inherited from its prior identity as Know Labs. Bitcoin price volatility is a significant balance sheet risk, as Bitcoin represents the majority of the company's assets.