unstable buntcoin ($usbc)

I believe in @buntfun so much it’s not even funny

$USBC

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ChainCatcher 消息，据 GlobeNewswire 报道，上市公司 Know Labs, Inc.正式更名为 USBC, Inc.（NYSE American: USBC），并启用新股票代码“USBC”。此次更名源于 Goldeneye 1995 LLC 于 8 月 6 日完成的 1.25 亿美元战略收购，该公司由新任董事长兼 CEO Greg Kidd 主导。
Kidd 表示，更名标志着公司将聚焦于 USBC 存款代币的开发。该美元稳定币基于区块链技术，集成数字身份功能并提供高收益奖励。值得注意的是，USBC 已采用比特币国债策略，以支持其金融科技和健康监测等多元业务发展。
公司强调现有股东无需采取任何行动，CUSIP 编号保持不变。此次转型正值全球监管环境变化之际，USBC 在财报中特别提及比特币价格波动对其资产负债表的影响风险。

The Know Labs and the former Chief Revenue Officer (CRO) of Ripple, Greg Kidd, announced the successful closing of the $100 million strategic acquisition with Mr. Kidd’s affiliate, Goldeneye 1995 LLC.  Upon closing the transaction on August 6, Mr. Kidd was appointed Chief Executive Officer and Chairman of the Board of Directors.
Know Labs Will Be Renamed As USBC
The deal closed with Goldeneye contributing 1,000 Bitcoin plus approximately $15 million in cash in exchange for approximately 357.8 million new common shares in Know Labs. Now, on August 15, the company’s legal name will change to USBC along with its ticker symbol, which will change from KNW to USBC. 

Mr. Kidd stated, “The USBC token is an inclusive, compliant, and programmable digital dollar.” 


“We believe this approach delivers a new standard for trust and utility in digital money, generating sustainable growth and long-term value creation for our shareholders,” he added. 

With 81% control purchased in USBC, the company pushes toward a blockchain-based vision centred on the USBC token, which is a blockchain-based programmable U.S. dollar digital currency. It reflects a broader shift of moving toward fintech innovation and a digital dollar ecosystem. 

Linda Jenkinson has been appointed Vice Chair of the Board.


Ron Erickson, who was the founder of Know Labs, will serve as the President of the new division of the company. His role is to provide visionary guidance and strategic oversight. 


Kirk Chapman has been appointed as Chief Operating Officer. 


Kitty Payne has been appointed as Chief Financial Officer, who will lead the execution of the Company’s new vision along with Chapman. 

These leaders will be supported by veteran USBC team members who developed this USBC platform by putting decades of work into technology and finance. The team will also oversee shares of the Company’s common stock, which will continue to trade on the NYSE American under the new name USBC, Inc. (NYSE American: USBC). The CUSIP number will remain unchanged. 
FAQs


What is the USBC token?
USBC is a blockchain-based programmable digital dollar created by Know Labs (now USBC Inc.), designed as a compliant and inclusive digital currency for sustainable growth.


Who acquired Know Labs?
Former Ripple CRO Greg Kidd’s Goldeneye 1995 LLC acquired Know Labs for $100M (1,000 BTC + $15M cash), gaining 81% control and rebranding it as USBC.


What is Greg Kidd’s role in USBC?
Greg Kidd, former Ripple CRO, becomes CEO and Chairman of USBC, leading the company’s shift toward a blockchain-based digital dollar ecosystem.


How is USBC different from stablecoins?
USBC positions itself as a programmable digital dollar with regulatory compliance built-in, unlike traditional stablecoins, focusing on institutional adoption and long-term value.