Telcoin Becomes First Regulated Digital Asset Bank in the U.S. After Nebraska Approval

Unlike Wyoming’s special-purpose depository institutions or OCC trust banks, Nebraska’s NFIA explicitly allows DeFi integration, giving Telcoin a true first-mover edge.

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Inside the Charter: eUSD and Regulated DeFi

The bank will issue eUSD, a fully reserved USD-backed stablecoin redeemable 1:1 for cash. All fiat reserves sit in FDIC-insured Nebraska banks, while digital assets remain in segregated, client-owned wallets.

Headquartered in Norfolk, Telcoin leverages Nebraska’s low-cost infrastructure and progressive regulation to target the $800 billion remittance market. Its platform, already serving two million users in 40 countries, offers 2% instant cashouts, DeFi yields up to 50% APY, and fee-free QR payments via the Polygon network.

Telcoin Roots and Global Reach

Telcoin’s reach stems from partnerships with the GSMA and more than 200 mobile operators worldwide. Upcoming v5 app updates and validator nodes (Q4 2025–Q1 2026) will onboard 50 major carriers, bringing compliant digital banking to mobile devices.

Regulators praised the move. Kelly Lammers, Director of the Nebraska Department of Banking, said:

“Telcoin meets the highest standards of safety, soundness, and consumer protection. This charter proves states can lead in fintech while preserving trust.”

Investor Matt Maser added:

“Nebraska just built the on-ramp the crypto industry has been waiting for. Regulated DeFi isn’t a future idea — it’s live now.”

Safeguards and Industry Impact

Digital assets are not FDIC-insured, and users must acknowledge risks before trading. Telcoin will publish community benefit files and fund financial literacy programs for Nebraska schools.

The model positions Telcoin to challenge stablecoin giants like Tether and Circle with a fully compliant, bank-issued alternative. Analysts expect similar state charters to follow as federal policy remains stalled.

Next, Telcoin plans to offer correspondent services to local banks, helping them custody and settle assets on-chain under existing oversight.

Neuner concluded:

“Your phone is now a federally licensed bank. The future of money just went live in Nebraska.”

Telcoin Digital Asset Bank — 5 FAQs

1) What milestone did Telcoin achieve?

Telcoin secured approval to operate the first U.S.-regulated Digital Asset Bank under Nebraska’s Financial Innovation Act (NFIA).

2) What services can it offer?

The bank can custody digital assets, issue stablecoins, and offer compliant DeFi banking services in the U.S.

3) What is eUSD?

eUSD is a 1:1 USD-backed stablecoin fully collateralized by fiat reserves held in FDIC-insured U.S. banks.

4) How long did the review take?

The regulatory review spanned roughly 20 months—from March 2024’s application to final approval in November 2025.

5) Why is it important?

It establishes a regulatory bridge between DeFi and traditional banking, creating a U.S. precedent for compliant digital asset custody and issuance.