The listed company Know Labs announced its name change to USBC and implemented a Bitcoin treasury strategy

2025-08-15 21:13:34

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ChainCatcher news, according to GlobeNewswire, publicly traded company Know Labs, Inc. has officially changed its name to USBC, Inc. (NYSE American: USBC) and has adopted the new stock ticker "USBC." This name change stems from the $125 million strategic acquisition completed by Goldeneye 1995 LLC on August 6, led by the newly appointed Chairman and CEO Greg Kidd.

Kidd stated that the name change signifies the company's focus on the development of the USBC deposit token. This dollar stablecoin is based on blockchain technology, integrates digital identity features, and offers high-yield rewards. Notably, USBC has adopted a Bitcoin treasury strategy to support its diverse business developments in fintech and health monitoring.

The company emphasizes that existing shareholders do not need to take any action, and the CUSIP number remains unchanged. This transformation comes at a time of changing global regulatory environments, with USBC specifically mentioning the risks of Bitcoin price volatility on its balance sheet in its financial reports.

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