Telcoin Approved as First US Digital Asset Bank, Sparking 70% TEL Price Rally

• Telcoin’s approval marks a historic step, allowing it to issue eUSD stablecoin backed by U.S. dollar deposits and operate under full regulatory oversight.

• The TEL token surged nearly 70% following the announcement, trading around $0.0055 with increased volume.

• This development follows the GENIUS Act, providing national guidelines for stablecoins and digital assets, with only 5% of U.S. banks currently handling digital assets in-house.

Discover how Telcoin Digital Asset Bank’s Nebraska approval revolutionizes banking by linking U.S. accounts to blockchain. Explore the 70% TEL price rally and DeFi opportunities in this breakthrough. Stay informed on crypto innovations today!

What is the Telcoin Digital Asset Bank Approval?

Telcoin Digital Asset Bank approval refers to the official authorization granted by the Nebraska Department of Banking and Finance on November 11, 2025, permitting Telcoin to function as the nation’s inaugural Digital Asset Depository Institution. This milestone enables the bank to issue eUSD, a stablecoin fully backed by U.S. dollar deposits and short-term treasuries, while directly integrating traditional banking with blockchain technology. It represents a regulated pathway for consumers to engage with decentralized finance for the first time under U.S. oversight.

After the rally around 70%, Telcoin became one of the top-performing tokens among the top 200 cryptocurrencies this week.

Key Highlights

• The bank will link regular U.S. bank accounts to blockchain assets, giving people safe and regulated access to DeFi for the first time.
• TEL’s price spiked nearly 70%, trading between $0.0028 and $0.0067 before settling near $0.0055.
• The approval came after the GENIUS Act, which sets national rules for stablecoins and digital assets.

Telcoin (TEL), a blockchain-based digital payment and remittance platform, received final approval from Nebraska Department of Banking and Finance to operate as the first Digital Asset Depository Institution (DADI) in the United States.

The approval, announced on November 11, 2025, allows Telcoin Digital Asset Bank to issue eUSD, a stablecoin backed by U.S. dollar deposits and short-term treasuries and connect traditional bank accounts directly to blockchain-based assets.

The charter allows Telcoin Digital Asset Bank to operate as a regulated bank that can accept crypto deposits, provide crypto-backed loans, and access Federal Reserve payment systems.

The bank aims to connect traditional U.S. bank accounts directly to blockchain-based assets, marking the first time a U.S. bank can offer consumer access to decentralized finance (DeFi) under full regulatory oversight.

How Does This Approval Impact TEL Token Performance?

The Telcoin Digital Asset Bank approval has directly fueled a significant rally in the TEL token, with prices jumping nearly 70% post-announcement. According to market data from CoinMarketCap, TEL now trades at approximately $0.0055, supported by a daily trading volume of $31.88 million. Over the past week, the token has gained about 97%, positioning it as a standout performer among the top 200 cryptocurrencies by market capitalization, though it still trails its all-time high of $0.0649 from May 2021.

Telcoin’s platform, which supports mobile-based digital payments and remittances in over 170 countries, benefits from this regulatory clarity, potentially accelerating adoption for faster cross-border transfers compared to conventional banking. Experts note that such institutional advancements often correlate with sustained token value growth, as they enhance user trust and utility. For instance, Patrick Gerhart, President of Banking Operations at Telcoin, emphasized that this charter bridges the gap for the 95% of U.S. banks not yet managing digital assets internally, fostering broader industry integration.

Frequently Asked Questions

What Does Telcoin’s Digital Asset Depository Institution Status Mean for Users?

Telcoin’s status as the first DADI means users can securely deposit cryptocurrencies, access crypto-backed loans, and link U.S. bank accounts to blockchain assets like eUSD stablecoins. This provides regulated DeFi entry points, reducing risks associated with unregulated platforms while maintaining compliance with federal standards, all in 40-50 words of clear benefits.

Why Did Telcoin’s Token Price Surge After the Nebraska Approval?

Telcoin’s token price surged due to the groundbreaking approval, which validates its role in regulated blockchain banking and opens doors to new services like stablecoin issuance. This news boosted investor confidence, driving a 70% increase as markets recognized the potential for mainstream DeFi adoption through trusted channels.

Key Takeaways

• Regulatory Milestone: Telcoin’s approval establishes the first U.S. DADI, setting a precedent for compliant blockchain banking and stablecoin operations.
• Market Impact: The TEL token’s 70% rally underscores growing investor enthusiasm, with trading volume hitting $31.88 million amid heightened activity.
• Future Opportunities: Users gain safe access to DeFi via linked bank accounts, potentially transforming remittances and digital payments in 170+ countries.

Conclusion

The Telcoin Digital Asset Bank approval in Nebraska heralds a new era for regulated blockchain integration in U.S. finance, enabling seamless connections between traditional accounts and assets like eUSD stablecoins. With expert insights from founders like Paul Neuner highlighting its compliance benefits and the GENIUS Act providing supportive legislation, this development addresses key regulatory concerns while propelling TEL’s market performance. As Telcoin expands compliant yield products and banking services, it positions itself at the forefront of digital innovation, encouraging consumers and institutions to explore secure DeFi pathways moving forward.

TEL token skyrockets

Following the announcement, Telcoin’s token price spiked nearly 70% and it is currently trading around $0.0055 according to CoinMarketCap, with daily trading volume reaching $31.88 million. Over the past week, Telcoin has climbed about 97%, making it one of the top performers among the top 200 cryptocurrencies by market cap. Despite this rally, the token remains well below its all-time high of $0.0649 set in May 2021.

Telcoin operates in over 170 countries, primarily focusing on mobile-based digital payments and remittances. Its platform aims to make cross-border transfers faster and more accessible than traditional banking methods.

Telcoin charts a new course in banking

Paul Neuner, Telcoin’s founder, described the charter as historic for the U.S. banking system, highlighting that it shows a bank can issue on-chain digital currency while staying compliant.

The bank’s flagship product, eUSD, is positioned as the nation’s first bank-issued, on-chain U.S. dollar stablecoin. This regulated approach directly addresses the systemic risk concerns around stablecoins expressed by federal regulators.

The charter comes in the wake of the GENIUS Act, federal legislation offering guidance on stablecoins and digital assets. Analysts say Telcoin’s approach addresses regulatory concerns about systemic risk in the stablecoin market.

The Nebraska Financial Innovation Act of 2021 set the stage for this development, and Governor Jim Pillen officially signed off on the charter at the State Capitol in Lincoln.

Patrick Gerhart, the bank’s President of Banking Operations, noted that only 5% of U.S. banks currently manage digital assets in-house, and Telcoin intends to help other banks bridge the gap to blockchain finance.

Telcoin Digital Asset Bank plans to offer compliant stablecoin yield products and provide both retail and commercial banking services, subject to regulatory approval.

Also Read: Uniswap’s Fee Switch Proposal Sparks 48% UNI Price Surge

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