U Power Completes RWA Issuance on PicWe, UCAR Market Cap Surpasses $7 Million

Odaily News U Power announced the issuance of UCAR on the BNB Chain through the RWA infrastructure platform PicWe on January 20, 2026.

According to information on U Power's official website, the issuance of RWA is primarily intended for the continued construction of new energy infrastructure, operational expansion, and the upgrade of the global business settlement system, accelerating the integration of the company's real business with the on-chain financial system.

As of press time, the on-chain circulating market capitalization of the UCAR token has exceeded $7 million, with the UCAR token price surging 68% within 12 hours.