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Telcoin has been approved to establish the first regulated digital asset bank in the United States and will launch the first bank-issued stablecoin eUSD.
PANews, November 13 - According to Businesswire, Telcoin announced that it has obtained the final franchise license issued by the Nebraska Department of Banking and Finance, and will launch the first digital asset custody institution in the United States - Telcoin Digital Asset Bank. This franchise license allows Telcoin to directly connect U.S. bank accounts with the regulated “Digital Cash” stablecoin. Its flagship product eUSD will become the first bank-issued, on-chain dollar stablecoin. This is also the first bank license explicitly authorized to connect American consumers with Decentralized Finance.