Telcoin Digital Asset Bank announced on June 23 that U.S. users can now open bank accounts in the Telcoin wallet that natively bind to eUSD, a stablecoin issued by the bank. Telcoin says it is “the first company to directly connect U.S. bank accounts to on-chain dollars,” enabling users to hold dollars, make payments, and trade digital assets in a single regulated account.
Telcoin Digital Asset Bank’s Nebraska DADI License and Its Banking Status
Telcoin Digital Asset Bank was established in November 2025. It is the first company in the U.S. to obtain a DADI (Digital Asset Development Institution) license under the Nebraska Financial Innovation Act, and is thus recognized as a bank under Nebraska banking legislation.
This state-level authorization allows Telcoin Digital Asset Bank to issue the bank-issued stablecoin eUSD and accept customer deposits from across the U.S. Telcoin says its DADI status differentiates it from fintech and crypto-related bank products that rely on layered integration or third-party channels.
eUSD’s Bank Issuance Model and Revenue Features Under the GENIUS Act
eUSD is the “digital cash stablecoin” directly issued by Telcoin Digital Asset Bank. Its underlying architecture directly connects the banking system to on-chain dollars rather than using third-party bridging. The current version supports U.S. residents opening personal accounts and directly linking them to their eUSD balances.
Planned features include: compliance-enabled revenue features for eUSD balances and the financial card (an eUSD yield program that complies with the GENIUS Act); and blockchain-native capabilities alongside integration with traditional financial systems.
Regulatory Push Timeline Since 2021: Legislative Involvement in the Nebraska Financial Innovation Act
Telcoin played a key role in the development process of the 2021 Nebraska Financial Innovation Act, which established the first state-level regulatory framework for DADI in the entire U.S. Telcoin received its first batch of DADI licenses under this act in November 2025 and formed Telcoin Digital Asset Bank.
The company says this unified model is “the result of years of efforts to integrate banking and blockchain infrastructure within a regulatory framework.”
Planned Features: Merchant Accounts, API Integration, and the Telcoin Layer 1 Network
Telcoin’s next expansion plans include: merchant accounts and institutional accounts; API and partner integrations, aiming to accelerate the adoption of eUSD across the ecosystem of financial and digital asset platforms.
In addition, Telcoin Network— the first Layer 1 blockchain exclusively validated by a telecom network—plans to further expand eUSD and its multi-currency digital cash model coverage through trusted distribution channels.
FAQ
How does Telcoin’s eUSD differ from major stablecoins like USDC and USDT?
According to Telcoin, eUSD is a bank-issued stablecoin directly issued by Telcoin Digital Asset Bank, with the banking system directly connected to on-chain dollars. Meanwhile, USDC and USDT are issued by crypto companies, with a layered relationship between bank accounts and stablecoins. Telcoin emphasizes that this architecture avoids relying on third-party channels or fragmented balances.
How does the Nebraska DADI license allow Telcoin to provide services across the U.S.?
Per the press release, the DADI license under the Nebraska Financial Innovation Act is a state-level banking authorization, and is recognized as a bank under the Nebraska banking act. This status allows Telcoin Digital Asset Bank to accept deposits from customers across the U.S., covering the entire country rather than being limited to Nebraska.
When will the GENIUS Act compliance-enabled revenue feature be launched?
According to the announcement, the compliance-enabled revenue feature for eUSD balances and the financial card is listed as one of the “other versions to be rolled out throughout this year,” but no specific launch date is provided in the announcement. Telcoin says the feature will comply with the GENIUS Act’s related provisions for stablecoin yield.
