Newton Gitonga
Digital currencies recorded minor price actions over the past day as Bitcoin teased a breakout above $105K, trading at $105,099.
While top altcoins like XRP (+1.26%), Solana (+0.89%), and Dogecoin (+1.34%) reflected the slight momentum shift, Mantle’s native token led the potential rebound with significant gains in the past 24 hours.
MNT bounced back from the daily low of $0.5591 to a $0.6205 intraday peak, translating to a 10.98% increase.
Mantle’s latest move into digital banking fueled the native coin’s rally.
The network has launched UR (pronounced You, Are) to allow users to manage crypto and fiat in one place.
The press release explains UR as:
A borderless, crypto-first neobank that makes it easy to spend and off-ramp, all in one place, UR is powered by Mantle Network, which is poised to evolve into a banking chain in addition to its mantle as a leading liquidity chain.
Mantle launches borderless crypto neobank
The Ethereum-based L2 network has officially released its crypto-first neobank, UR.
UR @URNeobank is here.
A crypto neobank that helps users spend, save and more across both fiat and crypto finances in one account — seamlessly bridging TradFi and DeFi.
This is the UR experience 👇
The latest launch aims to bridge traditional finance (TradiFi) and decentralized finance (DeFi).
UR allows individuals to manage digital and fiat assets in a single platform – with the power of decentralization and neobank’s simplicity.
Meanwhile, early contributors can access the new platform starting today, June 19, with full public access slated for Q3 2025.
Enthusiasts can expect further ecosystem developments in the coming weeks and months.
While the existing UR prioritizes smooth payments and banking services, Mantle plans to introduce lucrative DeFi-centric features.
For instance, the network promises to support crypto-collateralized lending and yield generation on idle user balances.
Individuals will also access Mantle’s MI4 index and mETH protocol in the future.
Thus, UR looks to unlock DeFi for day-to-day undertakings without the hurdles and complexity related to decentralized networks.
UR is not another banking app or cryptocurrency wallet. It showcases Mantle’s attempt to connect the lives between TradiFi, DeFi, and web3.
With Swiss banking model, user-centric interface, and robust compliance, individuals can enjoy high-tech innovation and peace of mind.
Whether sending money to family and friends across borders, long-term savings, or shopping online, UR aims to be the go-to app.
MNT price turns bullish on UR debut
Mantle’s native token gained over 10% as the UR launch news, reflecting renewed user interest in the project’s broader goal.
The UR matches Mantle’s vision of expanding beyond a liquidity network to becoming a one-stop financial ecosystem.
MNT trades at $0.6205, up 6.66% on its daily price chart. Technical indicators signal continued gains in the near term.
The 4H Relative Strength Index at 54 suggests more upside for MNT.
Also, the MACD prints green histograms after a bullish crossover, highlighting buyer resurgence.
MNT seems ready for another 10% uptick to early June highs of around $0.6840.
Overcoming this zone could trigger significant rallies for the altcoin.
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