NORFOLK, Neb. (BUSINESS WIRE) — Telcoin has officially secured final charter approval from the Nebraska Department of Banking and Finance to launch Telcoin Digital Asset Bank, making it the first Digital Asset Depository Institution (DADI) in the United States. This historic move positions Telcoin to revolutionize U.S. finance by becoming the first blockchain-native bank to issue a regulated, on-chain U.S. dollar stablecoin — eUSD.
Unlike offshore stablecoins or crypto-based fintech startups skirting regulation, Telcoin's eUSD is fully bank-backed, pegged 1:1 with U.S. dollars and short-term Treasuries held in regulated reserves. This makes eUSD the first true bank-issued stablecoin — and the first explicitly approved for integration with DeFi (decentralized finance), allowing U.S. consumers to bridge traditional banking with crypto-native tools in a fully compliant environment.
"Our charter makes history, and not just for Telcoin, but for the entire U.S. banking system," said Paul Neuner, Founder and CEO of Telcoin. "We’re proving that a bank can issue on-chain Digital Cash responsibly and operate in full alignment with U.S. regulators."
The Digital Asset Bank Revolution Is Officially Here:
This milestone coincides with the federal GENIUS Act, which clarifies stablecoin oversight and sets a framework for digital asset bank innovation. While many crypto firms pursue trust charters or avoid U.S. regulation altogether, Telcoin is providing the compliant infrastructure needed to scale blockchain-powered banking for real-world utility.
Telcoin plans to offer more than just a stablecoin. The new bank will provide stablecoin-based savings, yield-generating services, and a full suite of retail and commercial depository offerings. Importantly, Telcoin’s infrastructure also enables community banks across the country to integrate with blockchain finance. "Only 5% of U.S. banks can do digital assets in-house. We're here to help the other 95% get there," said Patrick Gerhart, Telcoin’s President of Banking Operations.
From Remittances to Regulation: Telcoin’s Global Rise
Founded in 2017, Telcoin began as a crypto-for-telecom solution, aiming to use mobile network operators to deliver low-cost remittances worldwide. The core idea: billions of people have mobile phones but lack access to affordable financial services. Telcoin partnered with carriers like NTT Docomo, Vodafone, and Orange, embedding financial tools directly into telecom infrastructure.
In 2020, Telcoin launched its consumer app and saw adoption in key international corridors — notably Canada-to-Philippines, where users could send remittances directly to GCash mobile wallets. Fees averaged 2% or less, and transfers settled in seconds.
The key to Telcoin's early traction was regulatory agility and telecom partnership. Rather than bypass telecom operators, Telcoin built a blockchain network where telcos could serve as validators — incentivizing them to participate directly. Over time, Telcoin’s app supported sending to over 170 countries, connecting diaspora communities with mobile money providers across Southeast Asia, Africa, and Latin America.
Yet the U.S. remained elusive. Regulatory fragmentation across 50 states made launching a national crypto banking platform nearly impossible — until Telcoin helped Nebraska develop the Nebraska Financial Innovation Act (NFIA) in 2021. This breakthrough legislation authorized a new kind of crypto bank: the Digital Asset Depository Institution. Telcoin moved its banking operations to Norfolk, Nebraska and became the act’s first official charter recipient in 2025.
Digital Cash for the U.S. — eUSD and Beyond
With its new charter, Telcoin Digital Asset Bank can offer blockchain-native services that feel familiar to users and institutions alike. Its core product, eUSD, acts as "digital cash" — instantly transferable, programmable, and redeemable 1:1 for U.S. dollars. Users will be able to hold, spend, and send eUSD via the Telcoin Wallet, a self-custodial app that puts the user in control.
But the vision goes further. By building a bridge between federally regulated bank accounts and on-chain assets, Telcoin enables:
- Direct ACH/fedwire access between banks and crypto wallets
- Stablecoin-powered savings products
- Regulated yield opportunities using DeFi protocols
- Institutional-grade asset custody on public blockchains
For merchants, fintechs, and small banks, Telcoin offers a plug-and-play model for crypto payments and banking services. The company aims to onboard thousands of local banks and credit unions through its API and licensing framework, enabling them to issue or redeem eUSD and offer new digital asset services with full regulatory coverage.
Telcoin’s approach avoids the pitfalls of centralized exchanges or shadow banking. Instead, it merges telecom reach, blockchain speed, and bank trust into a singular financial stack.
Why Telcoin Matters Now
The crypto industry is at a crossroads. After years of explosive but unchecked growth, regulators are demanding clarity, transparency, and consumer protections. Telcoin has responded by building a fully compliant bank that does not sacrifice the decentralized nature of crypto, but rather enhances it with legal stability and real-world rails.
More than a fintech startup, Telcoin is a movement...one that started with affordable remittances and has grown into a full-spectrum solution for next-generation finance. By embedding its tools inside telecommunications and banking systems, Telcoin is redefining how money moves on the internet.
With eUSD, Telcoin offers a digital dollar that is programmable, composable, and secure — not just for crypto natives, but for everyday consumers, banks, and businesses looking to participate in the future of money.
And it's just getting started.
To learn more or download the app, visit www.telco.in
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