Telcoin Soars 109% After Approval for First US Digital Asset Bank

Telcoin surged up to 109% after receiving approval to launch the first U.S. Digital Asset Bank, enabling direct connections between bank accounts and regulated stablecoins, and introducing the eUSD on-chain dollar stablecoin.

Telcoin (TEL) experienced a significant surge, rising up to 109% intraday following the announcement of its final charter approval from the Nebraska Department of Banking and Finance to establish the Telcoin Digital Asset Bank, the first Digital Asset Depository Institution in the United States. This approval enables Telcoin to connect U.S. bank accounts to regulated stablecoins and launch its flagship product, eUSD, the first bank-issued, on-chain U.S. dollar stablecoin. The eUSD is fully backed by U.S. dollar deposits and short-term Treasuries, offering a secure and compliant digital cash solution for payments, remittances, and savings. The charter also explicitly allows U.S. consumers to access DeFi through a regulated banking framework. The news led to a dramatic increase in TEL trading volume and price, with the token outperforming both Bitcoin and Ethereum and attracting renewed retail and cross-market interest. The approval coincides with new federal guidance for stablecoins, positioning Telcoin at the forefront of regulated blockchain-powered finance in the U.S.