ME News Report, May 15 (UTC+8), Forbes reports that Mantle has launched an on-chain new banking project called UR, aiming to integrate traditional payment systems with decentralized finance (DeFi) infrastructure, with Asia as the core market. UR is developed by former payment industry professional Neo, inspired by his experience promoting QR code payments at Alipay and Grab, planning to upgrade the traditional QR code payment model to an on-chain bank to realize digital fiat currency. The UR project holds a FINMA regulatory license in Switzerland, adopts a full reserve banking model, ensuring that user deposits of fiat currency are matched 1:1 with tokenized assets, without involving lending or investment, ensuring its auditability. The project offers an integrated solution allowing users to access fiat currency and perform cross-chain settlements via API, and achieves deep integration of applications and wallets. Mantle states that UR aims to develop into a "prototype of on-chain banking," reconstructing the account layer to be programmable and composable, rather than merely a crypto payment tool. (Source: MLion)

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QuantumLittleTomato

· 10h ago

The on-chain banking prototype's positioning has added another layer to Mantle's ecosystem moat.

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FiveMinutesBeforeLiquidation

· 11h ago

Avoid lending, focus solely on payment settlement, with a clear route; survive first, then discuss expansion.

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AirdropOrganizer

· 18h ago

From QR codes to the blockchain, Neo's move is a dimensionality reduction strike against veteran payment players.

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RecedingTideReflection

· 05-23 06:07

Deep wallet integration is key; seamless user experience is what drives mass adoption.

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PixelatedDriedFish

· 05-23 02:42

The full reserve requirement model is safe but has low capital efficiency—it's a trade-off between safety and profit.

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SweepTheFloor

· 05-23 02:38

FINMA endorsement + auditability, the prerequisites for institutional funds to enter are all in place

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StillHereAfterTheRugPull

· 05-23 02:31

Swiss licenses are valuable enough, but whether they can succeed in the Asian market still depends on localization.

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ReflectionsOnTheStreetCorner

· 05-23 02:26

Neo, who previously worked at Alipay and Grab, is now building on-chain banking; his payment DNA is indeed strong.

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SentimentIndicatorCollecting

· 05-23 02:14

API access to fiat currency + cross-chain settlement, maximizing developer friendliness

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BeGentleWithLeverage

· 05-23 02:10

1:1 matching, no investment, no lending, so profits rely on fees? Is it sustainable?

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Mantle's new on-chain bank UR bets on the Asian market, exploring the account-layer reconstruction from "Alipay to DeFi."

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