USBC, Inc. 8-K

What Happened

• USBC, Inc. entered into a Strategic Partnership Agreement dated January 20, 2026 with Vast Bank, N.A. and Uphold HQ Inc. to combine efforts on a tokenized deposit network (the “Program”) that will allow Uphold customers to access banking services provided by Vast Bank through USBC’s platform.
• The Company issued a press release announcing the Agreement on January 26, 2026, which was furnished as Exhibit 99.1 to the Form 8-K and the Agreement is filed as Exhibit 10.1.

Key Details

• Agreement date: January 20, 2026; press release dated January 26, 2026.
• Exclusivity around tokenized deposits: from the Program’s commercial launch to termination, Uphold will make USBC and Vast Bank its exclusive partners for tokenized deposit offerings.
• Market-making/exchange restriction: USBC and Vast Bank will not use a cryptoasset exchange, dealer, or market other than Uphold to act as a market maker or exchange for the USBC tokenized deposit program during the exclusivity period.
• Term and renewal: initial term runs from the Effective Date through the one-year anniversary of the Program’s General Launch and automatically renews for successive one-year terms until terminated.
• The Agreement terminates the prior non-binding memorandum of understanding among the parties signed in October 2025; the Agreement does not prevent USBC or Vast Bank from onboarding other partners to provide Developer Services.

Why It Matters

• This agreement formalizes a distribution and market relationship intended to bring USBC’s tokenized deposit product to Uphold’s customer base and to route banking services through Vast Bank, which could affect growth and product reach for USBC’s deposit network.
• The filing discloses commercial and exclusivity terms but contains no financial commitments, pricing, timing of the General Launch, or projected dollar impacts — investors should watch for future disclosures around launch timing, commercial terms, and any financial arrangements.