Telcoin today announced its final charter approval from the Nebraska Department of Banking and Finance to launch Telcoin Digital Asset Bank, the first Digital Asset Depository Institution in the United States. The charter positions Telcoin to become the first true blockchain bank, directly connecting U.S. bank accounts to regulated “Digital Cash” stablecoins. Its flagship product, eUSD, will be the first bank-issued, on-chain U.S. dollar stablecoin, offering consumers and businesses a secure, compliant way to use Digital Cash for payments, remittances, and savings. Notably, it is also the first bank charter to explicitly authorize connecting U.S. consumers to DeFi.
“Our charter makes history, and not just for Telcoin, but for the entire U.S. banking system,” said Paul Neuner, Telcoin’s Founder and CEO. “We’re proving that a bank can issue on-chain Digital Cash responsibly and operate in full alignment with U.S. regulators. eUSD brings the speed, transparency, and affordability of blockchain into everyday finance in a way that anyone can use.”
The approval coincides with the recent passage of the GENIUS Act, which provides long-awaited federal guidance for stablecoins and digital assets. While blockchain industry peers are seeking to operate as non-depository trust charters, Telcoin is providing a solution to the systemic risk concerns around stablecoins expressed by federal regulators.
“For us, this is not about stablecoins pulling money out of the banking system, but rather upgrading the technology of money, payments, and banking itself,” Neuner explains, adding that the bank’s native medium of transaction is a regulated, on-chain digital dollar directly connected to U.S. account numbers. More than just a stablecoin issuer, the bank plans to provide compliant stablecoin yield offerings along with a suite of retail and commercial depository services, subject to regulatory approval.
By aligning digital assets within a regulated banking framework, Telcoin Digital Asset Bank bridges the $4 trillion blockchain economy with traditional finance to unlock this technology for modern money, capital markets, and finance on the internet. This model demonstrates how Digital Cash can strengthen community bank balance sheets, empower small businesses, and modernize payments at scale, setting a new standard for how blockchain and banking can work together.
“We’ve been working toward this landmark for years, and now Telcoin Digital Asset Bank gets to serve as a prime example for how both compliance and innovation can work together to elevate the standard of banking,” adds Neuner. “On a global stage, Telcoin will demonstrate how local institutions, national regulators, and international innovators can move together to make money flow at the speed of the internet.”
Governor Jim Pillen signed the charter at the Nebraska State Capitol in Lincoln today, where the Nebraska Financial Innovation Act became law in 2021. That initiative, spearheaded by former Nebraska Speaker and current U.S. Congressman Mike Flood, laid the foundation for today’s charter issuance. Nebraska Department of Banking and Finance Director Kelly Lammers was also instrumental in developing the Digital Asset Depository Institution charter from the NFIA, placing Nebraska at the center of the national landscape for blockchain banking innovation.
ABOUT TELCOIN
Telcoin, a multinational fintech serving 171 countries, is revolutionizing global finance by merging blockchain technology, telecommunications, and banking. Telcoin Digital Asset Bank is a Digital Asset Depository Institution in establishment under charter from the Nebraska Department of Banking and Finance. It will issue eUSD, the first regulated, bank-issued U.S. dollar stablecoin. Telcoin offers secure, self-custodial blockchain payments and banking services globally, powered by its own decentralized financial infrastructure. This compliant, banking-first approach harnesses blockchain's power to redefine how the world interacts with money on the internet. Learn more at www.telco.in.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251112119122/en/
출처: Telcoin
언론연락처: Telcoin Janelle Burdette Redden
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