Telcoin has been approved to establish the first regulated digital asset bank in the United States and will launch the first bank-issued stablecoin eUSD

According to Businesswire, Telcoin announced that it has received the final charter license issued by the Nebraska Department of Banking and Finance to launch the first digital asset custody institution in the United States—Telcoin Digital Asset Bank.

This charter license allows Telcoin to directly connect U.S. bank accounts with regulated "digital cash" stablecoins. Its flagship product, eUSD, will become the first bank-issued, on-chain dollar stablecoin. This is also the first bank license explicitly authorized to connect U.S. consumers with DeFi.