Telcoin has received approval to establish the first regulated digital asset bank in the United States and will launch the first bank-issued stableco

 according to Businesswire, Telcoin announced that it has obtained the final operating license issued by the Nebraska Department of Banking and Finance, and will launch the first digital asset custody institution in the United States - Telcoin Digital Asset Bank.

This operating license allows Telcoin to directly connect U.S. bank accounts with regulated "digital cash" stablecoins. Its flagship product eUSD will be the first bank-issued, on-chain dollar stablecoin. This is also the first bank license that explicitly authorizes the connection between U.S. consumers and DeFi.