TechFlame, according to GlobeNewsWire, the listed company Know Labs, Inc. has officially changed its name to USBC, Inc. (NYSE American: USBC) and adopted the new stock code “USBC.” The name change stems from a $125 million strategic acquisition completed by Goldeneye LLC on August 6, 1995, and the company is headed by new Chairman and CEO Greg Kidd. Kidd said the name change marks the company's focus on the development of USBC deposit tokens. This US dollar stablecoin is based on blockchain technology, integrates digital identity features, and provides high-yield rewards. Notably, USBC has adopted a Bitcoin treasury bond strategy to support the development of its diverse businesses such as fintech and health monitoring. The company emphasizes that no action is required from existing shareholders and that the CUSIP number remains the same. This transformation comes at a time when the global regulatory environment is changing. In its financial report, USBC specifically mentioned the risk of Bitcoin price fluctuations affecting its balance sheet.