This approval positions Telcoin to become the nation’s first true blockchain-powered bank, seamlessly connecting traditional U.S. bank accounts with regulated “Digital Cash” stablecoins. The bank’s flagship product, eUSD, will be the first bank-issued, on-chain U.S. dollar stablecoin, designed to provide consumers and businesses with a secure, compliant, and transparent way to send payments, manage remittances, and build savings. Uniquely, this is also the first U.S. bank charter explicitly authorizing connections between U.S. consumers and decentralized finance (DeFi) ecosystems.
Redefining the Future of Money
Telcoin’s eUSD and its global network of Digital Cash stablecoins represent the next evolution of programmable money—interoperable, efficient, and designed to move freely between blockchain and traditional financial systems.
Unlike offshore or unregulated stablecoins, eUSD is fully backed by U.S. dollar deposits and short-term Treasuries held in regulated reserves, ensuring complete transparency and consumer protection. As a regulated U.S. bank, Telcoin believes this foundation of trust will accelerate both consumer adoption and institutional integration, bridging blockchain technology with mainstream financial infrastructure.
“Our charter makes history—not just for Telcoin, but for the entire U.S. banking system,” said Paul Neuner, Founder and CEO of Telcoin. “We’re proving that banks can issue on-chain Digital Cash responsibly and in full compliance with U.S. regulations. eUSD brings the speed, affordability, and transparency of blockchain into everyday finance, making it accessible to everyone.”
Regulatory Alignment and Industry Leadership
The announcement comes alongside the passage of the GENIUS Act, which introduces long-awaited federal guidance for stablecoins and digital assets. While other blockchain companies pursue non-depository trust models, Telcoin is tackling regulatory challenges head-on, directly addressing systemic risk concerns raised by U.S. financial authorities.
“This isn’t about taking money out of the banking system—it’s about upgrading the technology behind money, payments, and banking itself,” Neuner explained.
“Our native medium of exchange is a regulated, on-chain digital dollar tied directly to U.S. account numbers. Beyond issuing stablecoins, we plan to offer compliant yield products and a range of retail and commercial depository services, pending regulatory approval.”
Empowering Community Banks Nationwide
Telcoin Digital Asset Bank also aims to help local and community banks adapt to the evolving financial landscape.
“There are nearly 5,000 banks in the U.S., and only a small percentage will manage digital assets in-house,” said Patrick Gerhart, President of Banking Operations at Telcoin. “We’re here to help the other 95% stay relevant by offering safe, compliant connections to blockchain-based finance.”
By aligning digital assets within a regulated banking framework, Telcoin bridges the $4 trillion blockchain economy with traditional finance, unlocking innovation in payments, capital markets, and everyday banking. This approach strengthens community bank balance sheets, supports small businesses, and sets a new standard for blockchain-integrated banking.
“We’ve worked for years to reach this point,” added Neuner. “Telcoin Digital Asset Bank will demonstrate globally how compliance and innovation can coexist to elevate the banking industry. We’re showing how regulators, institutions, and innovators can work together to make money move at the speed of the internet.”
A New Era for U.S. Blockchain Banking
The historic charter was signed today by Governor Jim Pillen at the Nebraska State Capitol in Lincoln. The foundation for this initiative was laid in 2021 through the Nebraska Financial Innovation Act (NFIA), championed by former Nebraska Speaker and current U.S. Congressman Mike Flood. Kelly Lammers, Director of the Nebraska Department of Banking and Finance, also played a pivotal role in creating the DADI charter, establishing Nebraska as a national hub for blockchain banking innovation.
With this milestone, Telcoin has cemented its role as a trailblazer in regulated digital banking, ushering in a new era of secure, compliant, and blockchain-powered financial services for the United States.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
