Telcoin Receives Charter to Launch First Regulated Digital Asset Bank in U.S.

Telcoin announced on Nov. 13 it received final charter approval from the Nebraska Department of Banking and Finance to establish Telcoin Digital Asset Bank, the first Digital Asset Depository Institution in the United States. The charter authorizes the bank to directly connect U.S. bank accounts with regulated digital cash stablecoins, with its flagship product eUSD becoming the first bank-issued, on-chain dollar stablecoin in the country. eUSD will be fully backed by U.S. bank deposits and short-term Treasury securities held in regulated custody, distinguishing it from unregulated offshore or non-bank stablecoins. The charter marks the first explicit authorization for a U.S. bank to connect consumers to DeFi protocols.