Coinbase has added the upcoming governance and utility token of a ‘neobank’ blockchain challenge to its itemizing roadmap, placing the soon-to-be-launched asset on the potential path to buying and selling.
The most important crypto alternate by buying and selling quantity in the US says it might quickly assist Superform (UP), a “user-owned neobank, enabling single-signature execution of arbitrary actions throughout chains and providing structured merchandise to optimize yield,” in keeping with the challenge’s docs.
Superform is scheduled to launch its token on Tuesday, which Superform co-founder Blake Richardson says shall be used for governance, to pay gasoline charges within the app and to direct protocol rewards. He additionally notes it is going to be required by managers to run vault methods and required to stake by validators for PPS updates.
Richardson says Superform didn’t need to comply with within the footsteps of initiatives that launch tokens earlier than they roll out merchandise.
“Superform has taken a distinct strategy. Since founding in 2022, we’ve centered on constructing actual sustainable merchandise that profit the tip person. In 2023 -2024, this appeared like a yield market. One thing with simple worth we delivered to over 150,000 customers. In 2025, we realized the bigger imaginative and prescient of constructing a non-custodial bank-alternative. A “neobank” that didn’t push customers to gamble their financial savings away. That doesn’t have darkish patterns or hidden charges. One which breaks the sample of abuse in each crypto and finance.”
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