Telcoin Makes History as First U.S. Licensed Crypto Bank – Token Rockets 70% Overnight

Breaking the mold—and the charts

Telcoin just bulldozed through regulatory red tape to become the first fully licensed digital asset bank in the United States. The market responded with a 70% price surge before Wall Street could finish its morning coffee.

The new rules of finance

Forget 'disruption'—this is outright replacement. While legacy banks still treat crypto like a suspicious foreign currency, Telcoin's regulatory greenlight proves decentralized finance can play by traditional rules... and win.

Investors pile in (as usual)

The token's meteoric rise smells suspiciously like FOMO—the same herd mentality that turns every crypto milestone into a speculative frenzy. But this time, there's actual regulatory paperwork to back the hype.

One small step for crypto, one giant middle finger to banking dinosaurs.

TEL token skyrockets

Following the announcement, Telcoin’s token price spiked nearly 70% and it is currently trading around $0.0055 according to CoinMarketCap, with daily trading volume reaching $31.88 million. Over the past week, Telcoin has climbed about 97%, making it one of the top performers among the top 200 cryptocurrencies by market cap. Despite this rally, the token remains well below its all-time high of $0.0649 set in May 2021.

Telcoin operates in over 170 countries, primarily focusing on mobile-based digital payments and remittances. Its platform aims to make cross-border transfers faster and more accessible than traditional banking methods.

Telcoin charts a new course in banking

Paul Neuner, Telcoin’s founder, described the charter as historic for the U.S. banking system, highlighting that it shows a bank can issue on-chain digital currency while staying compliant. 

The bank’s flagship product, eUSD, is positioned as the nation’s first bank-issued, on-chain U.S. dollar stablecoin. This regulated approach directly addresses the systemic risk concerns around stablecoins expressed by federal regulators.

The charter comes in the wake of the GENIUS Act, federal legislation offering guidance on stablecoins and digital assets. Analysts say Telcoin’s approach addresses regulatory concerns about systemic risk in the stablecoin market.

The Nebraska Financial Innovation Act of 2021 set the stage for this development, and Governor Jim Pillen officially signed off on the charter at the State Capitol in Lincoln. 

Patrick Gerhart, the bank’s President of Banking Operations, noted that only 5% of U.S. banks currently manage digital assets in-house, and Telcoin intends to help other banks bridge the gap to blockchain finance.

Telcoin Digital Asset Bank plans to offer compliant stablecoin yield products and provide both retail and commercial banking services, subject to regulatory approval.

Also Read: Uniswap’s Fee Switch Proposal Sparks 48% UNI price Surge