NEBRASKA - Telcoin Digital Asset Bank has received approval from the Nebraska Department of Banking and Finance to operate as a “digital asset depository institution” in Nebraska, making it the first of its kind in the nation. The state charter, signed by Governor Jim Pillen, authorizes the bank to mint a stablecoin called “eUSD,” which will be fully backed by U.S. dollar deposits and short-term Treasury holdings. According to the bank’s leadership, this model aims to integrate traditional banking infrastructure with blockchain-based “digital cash,” offering users fast, transparent payments while operating under full regulatory oversight.

The charter was made possible by Nebraska’s 2021 law known as the Nebraska Financial Innovation Act, which created a legal framework for digital-asset banking in the state. Telcoin also announced it had raised about $25 million to support the bank’s launch and compliance operations. The approval positions Nebraska as a national pioneer in merging traditional finance with blockchain technology, potentially setting the stage for broader adoption of regulated stablecoins and digital-asset banking across the U.S.

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