Telcoin's Nebraska Bank Becomes First US-Chartered Bank to Issue eUSD on Public Chains
Telcoin (TEL) announced that its Nebraska-chartered bank issued $10 million worth of eUSD across Ethereum and Polygon, making it the first US-chartered bank to launch a stablecoin on public chains. The issuance was completed under a regulated blockchain banking framework, with the bank positioning eUSD as a fully compliant, on-chain dollar alternative available for payments and liquidity providers.
While the $10 million initial float is modest, the move is significant for regulatory precedent and market infrastructure. A chartered bank issuing a public-chain stablecoin under formal oversight could ease institutional concerns around custody, reserves and auditability, and may accelerate bank-to-crypto on-ramps and regulated DeFi integrations. Market participants will watch whether other charters follow, and how interoperability between Ethereum and Polygon affects eUSD liquidity and use in remittances and payments.