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.
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Ethereum And Arbitrum Supported At Launch – Base And Mantle Coming Soon
Timothy Chen, Global Head of Strategy at Mantle had this to say on the launch of its Neobank. He said;
“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 support transfers via traditional rails such as SWIFT, SEPA, SIC, and crypto networks Ethereum and Arbitrum, offering seamless on and off ramps between fiat and digital assets. Support for more blockchain networks such as Base and Mantle Network is slated to be coming.
There are many features coming to UR account holders, such as foreign exchange, fiat-to-crypto on-ramps, and native yield on idle balances. Also, access to Mantle-native investment products such as Mantle Index Four (MI4) and mETH Protocol will be available following a phased rollout across the remainder of 2025.
How Has Mantle Crypto Price Reacted To The UR Neobank Launch
When RWAs hit mass adoption, @Mantle_Official will be impossible to ignore.
TL;DR1/ @URNeobank is the missing bridge2/ MI4 Fund = institutional validation3/ The infrastructure flywheel ( $mETH – $FBTC)
Here’s the flywheel most are missing: 🧵#MNT #Mantle pic.twitter.com/wOFvARqv3F
— DeFi Cooker🍳🔆 (@naoi_eth) June 19, 2025
Following the announcement of Mantle’s UR Neobank product, the price of its native MNT token has surged 2.1%, while the rest of the market is down.
Per CoinGecko, Mantle crypto is the 54th largest digital asset by market cap, with a current market cap of around $2 billion. MNT is trading today for $0.61 and is down 60% from its all-time high of $1.54, which it hit back in April 2024.
Between $0.52 and $0.64 is a heavy support zone, and Mantle crypto currently ranges in this zone. If MNT holds above $0.52, it represents a strong buy zone.
If MNT can break out above $0.7, it will enter an uptrend, with no significant resistance until roughly $1.45. This would represent a move of over 100% and would place it just below its all-time high.
All eyes are currently on the conflict in the Middle East to see which direction crypto takes next. Yesterday’s Federal Reserve FOMC meeting ended with a ‘no change’ to interest rates, with hopes for a cut now at September’s meeting.
With FOMC in the rear-view mirror for the next three months, the Iran/Israel conflict is the one thing spooking the market and holding it in limbo. However, even with the idea of WW3 closer than ever, Bitcoin has held incredibly strong and refuses to drop below $102,000.
BTC is trading at $104,700. The strength shown by the leading digital asset is giving confidence to buyers and leading to projects like Mantle crypto undergoing a bullish period of price action.
(COINGECKO)
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