Mantle crypto, a prominent Layer-2 blockchain atop Ethereum, has successfully launched UR, the world’s inaugural blockchain-based neobank. The MNT token saw a 2% increase in the last 24 hours amidst a broader market downturn caused by escalating conflicts in the Middle East.
The aim of the UR neobank is to eliminate the barriers between traditional finance (TradFi) and decentralized finance (DeFi), offering a seamless experience for managing fiat banking and tokenized deposits.
UR @URNeobank is here. A crypto neobank designed to assist users in managing both fiat and crypto finances effortlessly in one account, effectively linking TradFi and DeFi. This is the UR experience 👇 — Mantle @Mantle_Official June 18, 2025
Mantle Crypto: Utility Linking Crypto and Tradition Mantle, which boasts over $220 million in total value locked (TVL), has introduced UR as a tool for everyday financial management, providing secure and efficient control over personal finances.
UR features a multi-currency account and a debit card supporting both fiat and stablecoins, built on a Swiss-backed framework. Notably, UR accounts facilitate transactions and deposits under the regulatory standards of a Swiss financial institution.
Upcoming Developments with the UR Neobank Timothy Chen, Mantle’s Global Head of Strategy, spoke on the neobank’s potential:
“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.”
As UR supports both traditional and crypto transfer methods, it anticipates introducing more blockchain networks, including Base and Mantle Network, enhancing usability for account holders.
MNT Price Response to UR Launch Following the unveiling of UR, MNT’s market performance surged by 2.1%. Currently, it ranks as the 54th largest digital asset, with a market cap approximating $2 billion and trading around $0.61. If the token secures a position above $0.52, it signals a lucrative buy opportunity.
With current market conditions heavily influenced by ongoing international tensions, the future trajectory remains uncertain, though resilience in market leaders like Bitcoin may signal positive trends for emerging projects such as Mantle.
