Telcoin (TEL) has used its Nebraska-chartered bank to issue $10 million of eUSD on Ethereum and Polygon, marking the first time a US-chartered bank has launched a stablecoin on public blockchains under a regulated framework.
TEL rallied roughly 100% after Telcoin received final U.S. approval to launch the first licensed blockchain bank, a move that coincided with markets reopening following a US government shutdown. The approval has reignited interest in on‑chain banking and Telcoin’s token utility.
Telcoin surged as much as 109% in a single day after its issuer received regulatory approval to establish a digital asset bank in the United States, fueling renewed investor interest.