NORFOLK, Neb. — Telcoin has begun initial blockchain banking operations after receiving final charter approval last month from the Nebraska Department of Banking and Finance, launching its eUSD stablecoin on the Ethereum and Polygon blockchains.
The company said it minted $10 million of eUSD, marking the first live issuance of its Digital Cash stablecoin and a step toward eventual retail availability.
“We’re thrilled to issue eUSD on Ethereum and Polygon as phase one of our banking operations,” Telcoin CEO Paul Neuner said in a statement. “This is the crucial first step toward offering blockchain-native bank accounts through our Nebraska charter.”
Neuner said Telcoin expects to begin onboarding customers in early 2026, when Telcoin Digital Asset Bank launches personal and business accounts. Personal accounts will be offered through a new version of the company’s Telcoin Wallet, according to Telcoin.
‘Foundational Step’
“Today eUSD transitions from development to live issuance as a foundational step,” said Patrick Gerhart, president of banking operations. He added that the company is preparing to bring its Digital Cash offering to customers through a regulated blockchain banking framework.
Telcoin Digital Asset Bank describes itself as the first digital asset depository institution in the United States. Operating under Nebraska’s Financial Innovation Act, the bank is structured to issue stablecoins, accept customer deposits and process eUSD payments under a single charter.
Telcoin is a multinational fintech company that operates in 171 countries and focuses on combining blockchain technology, telecommunications and banking services.
