According to CoinEdition, Telcoin has received a Nebraska banking charter to launch the first Digital Asset Depository Institution in the United States, Telcoin Digital Asset Bank. The company’s flagship product, eUSD, is the first bank-issued, on-chain U.S. dollar stablecoin, fully backed by U.S. dollar deposits and short-term Treasuries. The charter allows Telcoin to connect U.S. consumers to blockchain protocols through a regulated banking framework. The approval aligns with the recent passage of the GENIUS Act, which provides federal guidance for stablecoins and digital assets. Telcoin aims to help community banks integrate digital assets and expand services like stablecoin yield offerings and depository services, subject to regulatory approval.
Telcoin Launches eUSD Stablecoin After Receiving First U.S. Digital Asset Bank Charter
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