how to buy bitcoin on cash app|In This ArticleMantle Crypto Bringing Real Utility To Both Crypto And TradFi With Its 'UR' NeobankEt

Mantle crypto, a leading Layer-2 blockchain built on top of Ethereum, has launched UR, the world’s first blockchain-based Neobank, named UR. The price of its native token, MNT, is up 2% in the past 24 hours, as the rest of the market dropped due to the ongoing conflict in the Middle East.

Per the press release, the goal for UR is to remove the friction between TradFi and DeFi with an all-in-one account for fiat banking and tokenised deposits, bringing everyday crypto-native financial management to its users.

UR @URNeobank is here.

A crypto neobank that helps users spend, save and more across both fiat and crypto finances in one account — seamlessly bridging TradFi and DeFi.

This is the UR experience 👇https://t.co/nCEFhlbjfl

— Mantle (@Mantle_Official) June 18, 2025

Mantle Crypto Bringing Real Utility To Both Crypto And TradFi With Its ‘UR’ Neobank

Mantle, a leading EVM L2 ecosystem with over $220 million in Total Value Locked (TVL), per DefiLlama, today announced the launch of UR, a neobank that is built entirely on the blockchain and the first of its kind to help users spend, save and invest across fiat and crypto finances in one unified account.

The newest arm of Mantle’s growing suite of products may be their biggest yet as UR blends traditional finance access with blockchain technology, enabling users across more than 40 countries to manage their daily finances securely and effortlessly.

UR is Swiss-backed and offers users a multi-currency account and debit card that is able to hold fiat and stablecoins side-by-side, offering access to global banking rails. Down the line, UR is poised to add DeFi features such as yield and crypto-collateralized credit, which will all be powered by Mantle Network’s L2 blockchain.

Regarding the Swiss-backed claim, UR users are able to open Swiss International Bank Account Number (IBAN) accounts supporting EUR, CHF, USD, and RMB, with 1:1 backed deposits and spend through a Mastercard debit card.

All accounts are offered by a Swiss-regulated financial institution, with  tokenized deposits and NFT-based identity coming as standard with UR accounts.