Mantle crypto, a number one Layer-2 blockchain constructed on prime of Ethereum, has launched UR, the world’s first blockchain-based Neobank, named UR. The value of its native token, MNT, is up 2% previously 24 hours, as the remainder of the market dropped as a result of ongoing battle within the Center East.
Per the press launch, the purpose for UR is to take away the friction between TradFi and DeFi with an all-in-one account for fiat banking and tokenised deposits, bringing on a regular basis crypto-native monetary administration to its customers.
UR @URNeobank is right here.
A crypto neobank that helps customers spend, save and extra throughout each fiat and crypto funds in a single account — seamlessly bridging TradFi and DeFi.
That is the UR expertise
— Mantle (@Mantle_Official) June 18, 2025
Mantle Crypto Bringing Actual Utility To Each Crypto And TradFi With Its ‘UR’ Neobank
Mantle, a number one EVM L2 ecosystem with over $220 million in Complete Worth Locked (TVL), per DefiLlama, in the present day introduced the launch of UR, a neobank that’s constructed solely on the blockchain and the primary of its sort to assist customers spend, save and make investments throughout fiat and crypto funds in a single unified account.
The latest arm of Mantle’s rising suite of merchandise could also be their largest but as UR blends conventional finance entry with blockchain know-how, enabling customers throughout greater than 40 nations to handle their day by day funds securely and effortlessly.
UR is Swiss-backed and provides customers a multi-currency account and debit card that is ready to maintain fiat and stablecoins side-by-side, providing entry to international banking rails. Down the road, UR is poised so as to add DeFi options similar to yield and crypto-collateralized credit score, which is able to all be powered by Mantle Community’s L2 blockchain.
Relating to the Swiss-backed declare, UR customers are in a position to open Swiss Worldwide Bank Account Quantity (IBAN) accounts supporting EUR, CHF, USD, and RMB, with 1:1 backed deposits and spend via a Mastercard debit card.
All accounts are provided by a Swiss-regulated monetary establishment, with tokenized deposits and NFT-based id coming as normal with UR accounts.
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Ethereum And Arbitrum Supported At Launch – Base And Mantle Coming Quickly
Timothy Chen, World Head of Technique at Mantle had this to say on the launch of its Neobank. He mentioned;
“UR is a foundational step toward closing the gap between on-chain capital and everyday financial utility. By integrating identity, custody, and multi-asset spending into a single system, we’re not just building a crypto neobank but prototyping what the next generation of financial institutions should look like: accessible, programmable, and composable by design.”
At launch, UR will assist transfers through conventional rails similar to SWIFT, SEPA, SIC, and crypto networks Ethereum and Arbitrum, providing seamless on and off ramps between fiat and digital property. Assist for extra blockchain networks similar to Base and Mantle Community is slated to be coming.
There are numerous options coming to UR account holders, similar to overseas change, fiat-to-crypto on-ramps, and native yield on idle balances. Additionally, entry to Mantle-native funding merchandise similar to Mantle Index 4 (MI4) and mETH Protocol will likely be accessible following a phased rollout throughout the rest of 2025.
How Has Mantle Crypto Price Reacted To The UR Neobank Launch
When RWAs hit mass adoption, @Mantle_Official will likely be unimaginable to disregard.
TL;DR
1/ @URNeobank is the lacking bridge
2/ MI4 Fund = institutional validation
3/ The infrastructure flywheel ( $mETH – $FBTC)This is the flywheel most are lacking:
#MNT #Mantle pic.twitter.com/wOFvARqv3F
— DeFi Cooker
(@naoi_eth) June 19, 2025
Following the announcement of Mantle’s UR Neobank product, the value of its native MNT token has surged 2.1%, whereas the remainder of the market is down.
Per CoinGecko, Mantle crypto is the 54th largest digital asset by market cap, with a present market cap of round $2 billion. MNT is buying and selling in the present day for $0.61 and is down 60% from its all-time excessive of $1.54, which it hit again in April 2024.
Between $0.52 and $0.64 is a heavy assist zone, and Mantle crypto presently ranges on this zone. If MNT holds above $0.52, it represents a robust purchase zone.
If MNT can escape above $0.7, it’s going to enter an uptrend, with no vital resistance till roughly $1.45. This is able to characterize a transfer of over 100% and would place it just under its all-time excessive.
All eyes are presently on the battle within the Center East to see which course crypto takes subsequent. Yesterday’s Federal Reserve FOMC assembly ended with a ‘no change’ to rates of interest, with hopes for a lower now at September’s assembly.
With FOMC within the rear-view mirror for the subsequent three months, the Iran/Israel battle is the one factor spooking the market and holding it in limbo. Nonetheless, even with the thought of WW3 nearer than ever, Bitcoin has held extremely sturdy and refuses to drop beneath $102,000.
BTC is buying and selling at $104,700. The energy proven by the main digital asset is giving confidence to consumers and resulting in initiatives like Mantle crypto present process a bullish interval of value motion.
(COINGECKO)
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The put up MANTLE Crypto Blockchain Bank Goes Live: What Does It Mean For MNT Price in June? appeared first on 99Bitcoins.
