At Mantle, we believe in the freedom and efficiency of money. Q3 2025 onwards will be a transformative moment for Mantle and our role in the evolving global financial landscape.

We recently announced the launch of UR (pronounced "You Are"), the world's first money app built fully on-chain, enabling a unified account for fiat and stablecoins. And as the blockchain infrastructure that powers these capabilities, Mantle Network now leads a new global category, "Blockchain for Banking", in our mission to bring crypto to your everyday life.

UR the Missing Piece for Mass Adoption

Technology is adopted in S curves and crypto is no different. The first 15-20% early adopters mainly onboarded through trading applications and exchanges, fueled by early speculation and their own technological savvy. To address the masses or the next 60%, we need to rethink the form factor.

Crypto tokens can no longer be front and center. They must instead power utility that feels natural in everyday life. We believe that behavior wedge is banking – spending, saving, and earning. Crypto has spawned many DeFi products with incredible benefits but never needed to address the masses with a simplified front-end until now. UR encapsulates this ethos: a unified stack approach – a super app for money – to bring crypto mainstream.

UR presents a paradigm shift in how crypto applications are built today. It's not another dApp on chain rehypothecating capital; it's not a DeFi mullet that offers one-way off-ramping; it's not a bolt-on crypto feature to a web2 product. UR is designed from the ground up with first principles rooted in blockchain and the global financial system. By running fully on-chain, UR blends traditional finance and DeFi into one unified experience. UR is crypto’s Apple moment — a breakthrough in user experience and integration. By settling on-chain with full transparency and code-level security, UR combines the best of both worlds — the usability of real-world finance with the trust and programmability of blockchain. This full-stack approach, blending proven web2 UIUX in the front with the power of DeFi abstracted away in the back positions UR to be the gateway to onboard the next billion users into crypto.

The UR launch underscores our commitment to creating a seamless, transparent, and user-centric financial ecosystem. Early access has already drawn enthusiastic feedback, with contributors praising the simplicity of managing multi-currency assets and the security of blockchain-backed operations. Public access, now rolling out, marks the beginning of a global movement to bring onchain banking to everyone.

Mantle Network is Blockchain for Banking

UR transforms Mantle Network into a purpose-built vertical platform that enables banking services onchain. With UR, Mantle takes the lead in establishing Blockchain for Banking as the next frontier of on-chain finance.

UR unifies and vertically aligns Mantle's strategic focus on payments, trading, and assets (like MI4, mETH, and FBTC). It is further supported by Mantle's developer grants, ecosystem incentives and industry-leading distribution platform, including the UR app, Rewards Station and Bybit Launchpool. All economic activity within UR will be captured by Mantle Network to further drive value to our token holders.

We designate "Blockchain for Banking" as a revolutionary new category that sees blockchains applied practically to traditional financial systems for real world solutions. We believe key elements include:

1. Transactions posted to the blockchain to enable real-time auditability, proof of reserves, and automated compliance through smart contracts.
2. Compatibility with TradFi rails to enable a unified fiat and crypto account capable of on-ramping and off-ramping both fiat and crypto.
3. Integrated DeFi features to turbo-charge finances in a seamless and abstracted manner.

This new category is a massive undertaking with a tremendous addressable market because it sits at the intersection of TradFi and Web3, allowing it to potentially capture market share across various TAMs:

Sources: McKinsey "Global Payments in 2024 Report", Magistral Consulting "How Emerging Markets Are Driving Global Lending Services Growth", BCG "Global Wealth Report 2025", Citi Report, Amber Group, CoinGecko 2024 Annual Report, Cryptonews, DefiLlama

Spend, Save, and Earn Across Multiple Products on UR Powered by Mantle Network

UR will become the primary gateway for net new users, capital, and transactions into the Mantle ecosystem. All transactions across UR's core banking infrastructure settle on Mantle Network, including crypto-to-fiat deposits, card payments, FX, peer transfers, and bank transfers. By anchoring financial activity onchain, UR strengthens Mantle's position as the blockchain for banking, while gradually boosting onchain activity and value accrual for the broader community.

At launch, UR supports fund transfers through both traditional rails (SWIFT, SEPA, SIC) and crypto rails via Mantle Network, enabling seamless flows between fiat and digital assets. Users can access a multi-currency Mastercard debit card to spend their crypto and perform foreign exchange, with settlements occurring on Mantle Network. Stablecoin off-ramping is supported across four networks: Ethereum, Base, Arbitrum, and Mantle Network.

Additional UR features such as fiat-to-crypto on-ramps, native yield on idle balances, and access to Mantle-native investment products such as Mantle Index Four (MI4) and mETH Protocol will follow in a phased rollout across 2025.

While we started by incubating some of our own products, we are fully committed to building a vibrant community of developers to build on UR's financial app store. Powered by our $3b community-owned treasury, our EcoFund, developer grants, and more serve to attract builders into this space. Our current focus areas are payments, trading, RWAs, DeFi, and the intersection of innovative consumer-focused web3 applications with finance. To further support developers, we recently launched Lightning Grants, a program to quickly help builders ship on Mantle Network.

All Roads Flow Towards $MNT

Mantle is evolving into a full stack experience unifying fiat and crypto. UR is the access layer and the Network is the blockchain for banking. Our MNT token embodies all the value currently within this unifying stack, as well as all future value to be generated from this growing super-app ecosystem.

The future roadmap is ambitious:

• Mantle Network: Enhanced core product performance and value accrual, driven by modular integrations like zk proofs via our Succinct partnership and the development of RETH and REVM (offering up to 2x improvements over the current Geth client). We're also evolving our flagship Rewards Station to unlock more sustainable and innovative yield sources for MNT stakers. With these improvements, we will be able to focus on attracting high-volume use cases created by premier developers to the Network, including RFQ-based trading systems and innovative RWA platforms.
• UR: With core banking and payments infrastructure now live on Mantle, UR will expand its offering to include both traditional and crypto-native financial services, such as fiat-to-crypto on-ramp, yield on idle balances, and access to Mantle-native investment products like Mantle Index Four (MI4) and the mETH Protocol. In parallel, UR will offer its banking infrastructure as a service to ecosystem partners, enabling projects to integrate compliant financial tools that enhance both user experience and internal operations.

Why This Matters for MNT holders

Every transaction, every integration, every developer building on this stack contributes to the growth of Mantle Ecosystem:

• Onchain activity → Network fees + Token utility
• DeFi yield + RWA products → Value-accruing services anchored on Mantle
• UR adoption → Expanded transaction volume settled via Mantle ecosystem
• Ecosystem partnerships → New user flows and sustained demand for Mantle infrastructure

MNT is designed to embody both the value that exists in this unified stack today, and the future value that UR and Blockchain for Banking will unlock as we bring crypto into everyday life.

Setting the Standard for Blockchain for Banking

Our vision has always been to bring crypto to your everyday life. UR is the capstone of this ambition, leveraging our blockchain for banking to deliver an experience that’s secure, scalable, and convenient. Your support fuels our ability to pioneer solutions that others will follow.

Looking ahead, we’re committed to expanding UR’s reach, enhancing its features based on your input, and solidifying Mantle’s leadership in this space. This is just the beginning. Together, let’s shape a future where blockchain powers the banks of tomorrow.

Thank you for your trust and partnership.