Telcoin approved to establish the first regulated digital asset bank in the US, set to launch the first bank-issued stablecoin eUSD
ChainCatcher news, according to Businesswire, Telcoin announced that it has obtained the final charter license issued by the Nebraska Department of Banking and Finance and will launch the first digital asset custodian in the United States—Telcoin Digital Asset Bank.
This charter license enables Telcoin to directly connect U.S. bank accounts with regulated "digital cash" stablecoins. Its flagship product, eUSD, will become the first bank-issued, on-chain U.S. dollar stablecoin. This is also the first banking license that explicitly authorizes connecting U.S. consumers with DeFi.
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