Telcoin Makes History as First US-Chartered Bank to Launch Stablecoin on Public Blockchains

TLDR:

• Telcoin Digital Asset Bank becomes first US-chartered bank to issue stablecoin directly on public chains.
• The bank minted $10 million eUSD on December 26, 2025, following November regulatory approval from Nebraska.
• Nebraska Financial Innovation Act enables unified charter for deposits, stablecoin issuance, and payments.
• Customer onboarding for personal and business accounts expected to begin in early 2026 through Telcoin Wallet.
  

Telcoin has launched its eUSD stablecoin on Ethereum and Polygon blockchains, marking a historic development in regulated digital banking. 

The Nebraska-chartered Telcoin Digital Asset Bank minted $10 million in eUSD on December 26, 2025. This represents the first instance of a U.S.-chartered bank issuing a dollar-backed stablecoin directly onto public blockchains. 

The launch follows regulatory approval from the Nebraska Department of Banking and Finance received in November 2024.

Regulatory Framework Enables Blockchain Banking Operations

Telcoin Digital Asset Bank operates as the first Digital Asset Depository Institution in the United States. 

The institution received its charter under the Nebraska Financial Innovation Act. This regulatory framework allows the bank to issue stablecoins, accept customer deposits, and process digital payments under unified oversight.

Speaking about the launch, Telcoin CEO Paul Neuner expressed enthusiasm for the initial phase of operations. “We’re thrilled to issue eUSD on Ethereum and Polygon as phase one of our banking operations,” Neuner said. 

He added that this represents a crucial first step toward offering blockchain-native bank accounts through the Nebraska charter.

The bank maintains compliance with federal GENIUS Act guidelines alongside state-level regulations. This dual compliance structure provides a pathway for traditional banking services delivered through blockchain infrastructure.

The initial $10 million mint establishes operational capacity for the stablecoin before broader market distribution.

Customer Onboarding and Market Expansion Plans

Telcoin expects to begin customer onboarding in early 2026 for both personal and business accounts. 

Personal account access will be provided through the upcoming V5 release of the Telcoin Wallet. The phased rollout allows the bank to establish operational systems before scaling to retail markets.

Patrick Gerhart, President of Banking Operations at Telcoin, provided additional context on the rollout timeline. “Today eUSD transitions from development to live issuance as a foundational step,” Gerhart noted. 

He emphasized that the company’s focus remains on preparing to responsibly bring Digital Cash to customers through regulated blockchain banking infrastructure.

The eUSD stablecoin targets the growing stablecoin market with a regulated banking approach. Unlike existing stablecoins issued by non-bank entities, eUSD operates under direct banking supervision. 

The launch positions the bank at the convergence of traditional banking and decentralized finance. Deployment on both Ethereum and Polygon provides access to diverse blockchain ecosystems. Customer deposits will back the stablecoin issuance on a one-to-one basis with U.S. dollars.