Telcoin Digital Asset Bank has debuted personal bank accounts for U.S. residents tied to its eUSD stablecoin, integrating traditional bank deposits with onchain dollars via the Telcoin Wallet.
Users can create an account within the wallet, transferring funds from a U.S. bank to receive eUSD directly. This stablecoin can be held, transferred, or utilized across supported blockchain applications.
With this launch, Telcoin becomes the first U.S. bank to connect customer accounts to an on-chain dollar issued by a bank. The initial focus is on infrastructure linking traditional banking with eUSD; future updates will include debit cards and compliant yield on eUSD balances, subject to regulations.
Telcoin obtained its charter from the Nebraska Department of Banking and Finance in November 2025, marking it as the first Digital Asset Depository Institution in the U.S., authorized to issue stablecoins and accept deposits. The bank started operations in December by issuing $10 million in eUSD on Ethereum and Polygon, later expanding to networks like Base and Solana.
While eUSD is fully backed by U.S. dollar deposits at FDIC-insured banks and short-term Treasuries, it's essential to note that eUSD and associated accounts are not FDIC insured. The wallet offers both traditional bank transfers and digital asset access in a single interface.
Telcoin intends to broaden its platform to include merchant and institutional accounts, along with APIs for other financial firms to integrate with eUSD. Additionally, it is developing Telcoin Network, a layer one blockchain for validation by telecommunications companies, supporting its multicurrency Digital Cash system.