USBC draws $5M under MLA (total $10M); tokenized deposit Phase 1 testing ongoing

USBC, Inc.

USBC drew additional $5M under existing Master Loan Agreement with Payward Interactive, increasing total borrowings to $10M.
Loan carries 8.5% interest, matures April 27, 2027, secured by Bitcoin collateral held at Payward Financial.
Phase 1 tokenized deposit testing ongoing; development costs accelerating, $3.5M reimbursed to Vast Holdings under $10.5M cap.
Results from Phase 1 will inform timing of subsequent phases and potential retail product launch.

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