Citing Criptonoticias, Telcoin (TEL) has surged over 100% in the past seven days, rising from $0.003 to $0.006. The Ethereum-based token has gained renewed interest following the approval of its digital asset bank license by Nebraska’s Department of Banking and Finance on November 12. The license allows Telcoin Digital Asset Bank to operate as a regulated U.S. institution, accepting crypto deposits, issuing loans, and connecting to the Federal Reserve’s payment system. Telcoin also announced eUSD, the first stablecoin issued by a U.S. bank, backed by U.S. dollars and short-term Treasury bonds. The move aligns with the recently enacted GENIUS Act, which aims to integrate stablecoins into the traditional financial system.
Telcoin (TEL) Surges Over 100% in 7 Days After U.S. Bank License Approval
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