Telcoin Wins Final Nebraska Charter for First U.S. Digital-Asset Depository Bank

Overview

• Nebraska’s Department of Banking and Finance granted final approval on November 11 for Telcoin Digital Asset Bank, marking the first U.S. Digital Asset Depository Institution.
• The charter permits regulated services including acceptance of crypto deposits, crypto‑backed lending, and access to Federal Reserve payment rails.
• Telcoin says it plans to launch eUSD, a bank‑issued on‑chain dollar stablecoin backed by cash and short‑term Treasuries, which remains in development and subject to further implementation steps.
• The company and coverage characterize the authorization as the first to explicitly allow U.S. consumer access to DeFi, differentiating it from non‑depository trust charters.
• Following the approval, TEL rose about 95% in 24 hours to roughly $0.006, with around $1.74 million in trading volume and a market value near $610 million reported.