MANTLE Crypto Distributed ledger Bank Is Now Operational: What Implications Does This Have For MNT Price in June?
Mantle crypto, an innovative Layer-2 distributed ledger operating on ETH, has introduced UR, the first blockchain-based Neobank globally, also called UR. Over the last 24 hours, the price of its native crypto token, MNT, has risen by 2%, despite a downward trend in the broader market attributed to the ongoing unrest in the Middle East.
According to the press release, UR aims to eliminate barriers between traditional finance (TradFi) and DeFi (DeFi) by offering a comprehensive account for fiat banking and tokenized deposits, enabling users to manage their crypto-native finances seamlessly.
UR @URNeobank is launched.
A crypto neobank that empowers users to manage spending, saving, and more with both fiat and crypto in one account—effortlessly connecting TradFi and Decentralized finance.
This defines the UR experience
https://t.co/nCEFhlbjfl
— Mantle (@Mantle_Official) June 18, 2025
Mantle Crypto Introducing Tangible Utility For Both Crypto And TradFi With Its ‘UR’ Neobank
Mantle, a prominent EVM L2 ecosystem boasting over $220 million in Total Value Locked (TVL), according to DefiLlama, has today unveiled UR, a neobank built on the distributed ledger that assists users in spending, saving, and investing in both fiat and crypto through a single integrated account.
The latest expansion of Mantle’s suite of offerings could be their most significant, as UR combines access to traditional finance with blockchain technology, allowing users in over 40 countries to manage their everyday finances securely and easily.
UR is supported by Swiss backing and provides users with a multi-currency account and debit card that accommodates both fiat and stablecoins, granting access to global banking systems. In the future, UR is set to introduce DeFi functionalities such as yield generation and crypto-collateralized credit, all powered by Mantle Network’s L2 blockchain.
Regarding the Swiss base level, UR users can establish Swiss International Bank Account Number (IBAN) accounts that base level EUR, CHF, USD, and RMB, with deposits backed 1:1 and spending facilitated through a Mastercard debit card.
All accounts are provided by a financial institution regulated in Switzerland, featuring tokenized deposits and NFT-based identity as standard for UR accounts.
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Launching with Price floor for ETH And Arbitrum – Base And Mantle Are Coming Up Next
Timothy Chen, Global Head of Strategy at Mantle, commented on the introduction of its Neobank, stating;
“UR is a critical step in bridging the distance between on-chain capital and daily financial needs. By combining identity, custody, and multi-asset spending within a unified system, we’re not merely creating a crypto neobank; we’re envisioning what future financial institutions should embody: accessible, programmable, and composable by nature.”
UR will facilitate transfers using standard channels such as SWIFT, SEPA, SIC, and crypto networks including ETH and Arbitrum, providing smooth transitions between fiat and digital currencies. Additional distributed record platform price floor, including Base and Mantle Protocol, is set to follow.
Many features are on the horizon for UR account holders, like foreign trading network, fiat-to-crypto onboarding, and built-in yield on idle funds. Moreover, access to Mantle-specific investment opportunities such as Mantle Index Four (MI4) and mETH Platform will commence as part of a phased rollout throughout the latter part of 2025.
How Did Mantle Crypto’s Price Respond To The UR Neobank Launch?
Once RWAs achieve widespread adoption, @Mantle_Official will be unmissable.
To summarize
1/ @URNeobank serves as the essential connector
2/ MI4 Fund signifies institutional approval
3/ The infrastructure dynamism ( $mETH – $FBTC)Here’s the dynamic that many are overlooking:
— Decentralized finance Cooker
In the wake of the unveiling of Mantle’s UR Neobank, the value of its MNT token has increased by 2.1%, while the overall crypto market has declined.
According to CoinGecko, Mantle crypto ranks as the 54th largest digital asset by market capitalization, holding a market cap of approximately $2 billion. Currently, MNT is trading at $0.61, a 60% decline from its peak of $1.54, reached in April 2024.
A significant support level lies between $0.52 and $0.64, where Mantle crypto is fluctuating. Should MNT stay above $0.52, it suggests a robust buying opportunity.
If MNT can surpass the $0.7 mark, it will initiate an upward trend, facing little resistance until around $1.45. This equates to a potential increase of over 100%, landing just below its all-time high.
All attention is focused on the Middle East situation to discern the next movement in crypto. The previous day’s Federal Reserve FOMC meeting concluded with no changes to interest rates, with potential cuts anticipated at the September meeting.
With the FOMC meeting behind us for the next quarter, the Iran/Israel conflict is the wild card affecting the crypto market, keeping it in a state of uncertainty. Yet, despite concerns of a possible WW3, BTC has remained remarkably resilient, consistently staying above $102,000.
Bitcoin is currently valued at $104,700. The stability demonstrated by this leading cryptocurrency is instilling confidence in buyers, contributing to a optimistic trend in projects like Mantle crypto.
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The article MANTLE Crypto Blockchain Bank Launches: Implications for MNT Price in June? was first published on 99Bitcoins.
