VersaBank announced meaningful expansion to the scope and functionality of the closed ecosystem testing of its revolutionary Digital Deposit Receipts ("DDRs"). As an investment-grade issuer-backed digital asset, represented by actual US or Canadian-dollar deposits with VersaBank, the Bank's DDRs are expected to be a superior, regulatory compliant alternative to current stablecoins for mainstream financial applications. The expanded closed ecosystem testing, undertaken with company's blockchain technology partner Stablecorp, adds US dollar-denominated DDRs ("VUSD") (in addition to Canadian dollar-denominated DDRs ("VCAD") as previously announced), the Algorand and Ethereum blockchains (in addition to the Stellar Blockchain as previously announced), as well as testing with a Receipt Distributor, who will become one of the primary distributors of the Bank's DDRs at commercial launch.