USB is a USD-backed, fully regulated Eletronic Money Token (EMT) under the European Union (EU) MiCA framework issued by Bison Bank.
USB
Bison Bank E-Money Token
USB is designed to maintain a fixed value pegged to the USD, providing a stable, low-risk digital currency for transfers among institutional partners, notably cross border transfers, while leveraging blockchain technology for efficient transactions.
All transactions happen only among duly pre-approved allowed wallets provided by adherent institutional partners, who are required to open a bank account at Bison Bank, and are able to request mint and redeem operations through Bison Mobile. All USD holders have the right to redeem the EMT at par value at any time.
Security and Stability You Can Bank On!
- Issued and backed by a transparent and regulated bank, with audited reserves.
- Leverages Solana blockchain security, a well-established secure infrastructure, and audited smart-contracts to minimize risks of failures.
- USB complies with all policies and user rights under the European Union regulation MiCA.
Bridging Traditional Banking and Digital Finance
Offering an Eletronic Money Token Leveraging Blockchain Technology and the Banking System with Full Regulatory Compliance.
- Issued by Bison Bank
- Fully backed by fiat reserves
- Regulated under MiCA (Markets in Crypto Assets Regulation)
- Providing 1:1 redemption rights at no additional cost
Get all the details in our official whitepaper
USB is a digital asset designed to maintain a stable value pegged to USD. Before engaging with USB, please carefully read and understand the provided disclosure and disclaimer. By using, purchasing, or holding USB, you acknowledge and accept that USB is not legal tender and is not issued or backed by any government or central bank. Its value is not guaranteed by any governmental authority and that holding digital assets carries significant risks, such as technical failures, cyberattacks, or issues with the underlying blockchain or reserve management could result in partial or total loss of funds. USB operates in a rapidly evolving regulatory environment. Users are responsible for ensuring that their use of USB complies with all applicable laws and regulations in their jurisdiction. Bison Bank is not responsible for any legal or regulatory consequences arising from your use of USB, and reserves the right to modify this disclaimer or the terms of use for USB at any time.
FAQs
USB is an electronic money token, issued by Bison Bank, designed to maintain a 1:1 value with USD. It is built on Solana and aims to provide a reliable medium of exchange, store of value, or unit of account in the digital economy.
As an authorized credit institution, Bison Bank is subject to stringent prudential requirements arising from RGICSF, transposing, among others, CRD IV and BRRD, from CRR, Commission Delegated and other applicable European and Portuguese laws, which entail that, among others, credit institutions implement measures that ensure that they have minimum own funds, leverage restrictions and liquidity to ensure a robust and prudent financial situation. As such, Bison Bank is obliged to hold adequate liquidity to meet all liabilities, including the USB redemption obligations, under supervision by the regulator.
USB is designed with security and stability in mind, yet all digital assets carry risks, including technical issues and regulatory changes. We implement robust security measures, but users should conduct their own research and understand the risks before using USB. Please review our white paper for more details.
To send/receive USB you can use any Solana Virtual Machine (SVM) compatible wallet for which the address is in the allowlist managed by Bison Bank. Bison Bank’s service through the home banking platform allows the bank’s institutional partners to submit wallets for approval and addition to the allowlist, subject to Bison Bank’s terms and conditions.
Minting of USB can be performed on Bison Mobile by institutional partners of Bison Bank. You can also receiving it as payment or transfer from another wallet that is part of the allowlist.
Yes, USB operates in compliance with MiCA regulation in EU.
Yes, Bison Bank is audited regularly by Deloitte, an independent third-party auditor. Audit reports are published annually and available at.
Yes, USB holders have a right of redemption at any time and at par value. The exercise of the right of redemption is subject to (i) the holders of USB transfering the USB to a wallet specified by Bison Bank (instructions available in the home banking platform), (ii) the relevant know your customer procedures being successfully concluded by Bison Bank in accordance with applicable legislation, Bison Bank’s internal policies, as well as the regulation and procedures on anti-money laundering and combat to terrorist financing and (iii) appropriate wallet screening.
USB operates on a public blockchain infrastruture, and users are responsible for securely managing their private keys or wallet access. Bison Bank cannot recover lost keys or access funds in your wallet. Always back up your private keys and use secure storage solutions.
For assistance, please contact our support team at +351 213 816 200 or info@bisonbank.com.