Telcoin has reached a historic milestone , receiving its final charter approval from the Nebraska Department of Banking and Finance to officially launch the Telcoin Digital Asset Bank the first Digital Asset Depository Institution in the United States. With this approval, Telcoin is set to become the first true blockchain-powered bank, enabling direct connections between U.S. bank accounts and regulated “Digital Cash” stablecoins.
At the center of this advancement is eUSD, Telcoin’s flagship product and the first bank-issued, on-chain U.S. dollar stablecoin. eUSD is designed to give both consumers and businesses a simple, secure, and compliant way to use Digital Cash for everyday payments, remittances, and savings. This charter also marks the first time a U.S. bank has been explicitly authorized to connect consumers directly to DeFi—a major step toward mainstream adoption of blockchain technology.
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Telcoin describes eUSD and similar Digital Cash stablecoins as the next generation of money—programmable, interoperable, and able to move seamlessly across both traditional financial systems and blockchain networks. Unlike offshore or non-bank stablecoins, eUSD is backed by U.S. dollar deposits and short-term Treasuries held in regulated reserves. Telcoin believes this level of oversight will help build the trust needed for both everyday users and large institutions to embrace blockchain-powered financial products.
“Our charter makes history not just for Telcoin, but for the entire U.S. banking system,” said Paul Neuner, Telcoin’s Founder and CEO. “We’re showing that a bank can issue on-chain Digital Cash responsibly and fully aligned with U.S. regulations. eUSD brings the speed, transparency, and affordability of blockchain into everyday finance, and it does so in a way that anyone can access.”
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This approval comes at a pivotal moment, following the passage of the GENIUS Act, which provides long-awaited federal clarity for stablecoins and digital assets. While many other blockchain companies are pursuing trust charters, Telcoin aims to directly address federal concerns around systemic risk by placing stablecoins within a fully regulated banking framework.
“For us, this isn’t about stablecoins pulling money out of the banking system,” Neuner added. “It’s about upgrading the underlying technology of money and payments.” He explained that the bank’s core transaction method will be a regulated, on-chain digital dollar tied directly to U.S. account numbers. Beyond issuing stablecoins, the bank will also offer regulated yield products and a variety of traditional retail and commercial banking services—pending approval.
Telcoin Digital Asset Bank also plans to play a major role in helping community banks stay competitive. “There are nearly 5,000 banks in the U.S., but only the biggest 5% can build digital asset capabilities on their own,” said Patrick Gerhart, President of Banking Operations. “We’re here to help the other 95% connect to blockchain finance in a safe, compliant way.”
By creating a regulated foundation for digital assets, Telcoin aims to bridge the $4 trillion blockchain economy with traditional finance—strengthening community banks, supporting small businesses, and modernizing payment systems. The company believes this model sets a new standard for how banking and blockchain can move forward together.
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“We’ve been working toward this moment for years,” Neuner said. “Telcoin Digital Asset Bank will show the world how innovation and compliance can complement each other to raise the bar for banking. Globally, we hope this becomes a blueprint for how institutions and regulators can work together to make money move at the speed of the internet.”
Nebraska Governor Jim Pillen signed the charter during a ceremony at the State Capitol in Lincoln. The Nebraska Financial Innovation Act, passed in 2021 and championed by former Speaker and now U.S. Congressman Mike Flood, paved the way for the creation of this new type of bank. Kelly Lammers, Director of the Nebraska Department of Banking and Finance, also played a key role in shaping the charter, helping position Nebraska as a leader in blockchain banking innovation.
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