Key Metrics
11.13
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-11-13
Key Impacts
Positive Impacts (6)
Negative Impacts (1)
Event Overview
The approval marks a significant milestone in the integration of blockchain technology into traditional banking, allowing for direct connections between bank accounts and regulated stablecoins. This development introduces a new form of digital asset depository institution, potentially reshaping financial services.
Collect Records
Telcoin Receives Charter Approval to Establish First U.S. Blockchain Bank
Telcoin has received final charter approval from the Nebraska Department of Banking and Finance to establish Telcoin Digital Asset Bank, making it the first digital asset depository institution in the U.S. This charter enables Telcoin to become the first true blockchain bank in the U.S., allowing a direct connection between U.S. bank accounts and regulated 'digital cash' stablecoins. Their flagship product, eUSD, will be the first bank-issued, on-chain circulating U.S. dollar stablecoin, providing a secure and compliant method for digital cash payments, remittances, and savings. This is also the first bank charter explicitly authorizing the connection of U.S. consumers to DeFi. eUSD and other global digital cash stablecoins are programmable, interoperable, and can flow seamlessly between blockchain and traditional financial systems. Unlike unregulated, offshore, or non-bank stablecoins, eUSD is fully backed by U.S. bank deposits and short-term Treasury bills, and is held by a regulated custodian.