Nebraska Just Dropped a Banking Bomb That Could Change Crypto
February 4, 2025 at 2:09 PMby The Block Whisperer
+24
+0
Telcoin secures the first U.S. federally regulated digital asset bank charter in Nebraska, aiming to dominate stablecoin, remittances, and DeFi markets with eUSD. Big moves ahead.
Hold onto your hardware wallets because Nebraska is working hard to change the face of the industry forever.
Telcoin just secured the holy grail – the first federally regulated digital asset bank charter in the U.S.
Not in New York. Not in Miami. In Nebraska.
You could say that… we’re not in Kansas anymore (Dorthy and friends can see themselves out.)
The Nebraska Department of Banking and Finance just said "yes" to Telcoin's Digital Asset Depository Bank Charter.
This is essentially traditional banking fusing with crypto but with actual rules this time.
Surprisingly, nobody objected during the public hearing.
Not a single FUDster in sight – everyone was either on board with the idea or too busy out there farming corn to attend the hearing.
These folks aren't playing around, either.
Their stablecoins (they're calling it "Digital Cash" or eUSD) need 100% backing in real USD, or it's out of compliance.
They're also carrying $10M in insurance just in case, which, for a stablecoin, really isn’t all that much.
But, given they’re just getting started, it’s a good thing to have and not need rather than need and not have.
They also have to be crystal clear that their digital assets aren't FDIC insured (sorry, bank maxis).
Telcoin isn’t just here to flex.
They're eyeing that $160B stablecoin market with the intent of taking their own share of the pie.
They have plans to roll out eUSD for remittances, hook up with DeFi protocols, and give Coinbase a run for their money in custody.
That’s a tall order, but they now have the legal muscle to back it up with a whopping twenty-nine appendices of pure compliance flex.
Turns out Nebraska's been quietly becoming America's crypto frontier (we’re sorry for the Wizard of Oz and corn jokes earlier.)
Their Financial Innovation Act was co-written by Telcoin's CEO Paul Neuner and Congressman Mike Flood back in 2021.
Wyoming officially has competition for which United States jurisdiction will lead the nation on the Web3 front.
Telcoin is also making insane cheap to do business – we’re talking transaction fees of $0.0003.
It’s fast, too, with transaction speeds of up to 2,600+ per second.
Meanwhile, Ethereum is still doing 15 TPS like it was in 2017 – hard to build the future of finance on something that’s a fraction of a fraction of VISA.
Q2 2025 is launch time, but there's still some heavy lifting to do.
They've got to handle those crazy meme coin moments without breaking, and President Trump has some new crypto rules they'll need to contend with.
They're also sitting on $373M in crypto that needs to become compliant eUSD, so… good luck, accounting department.
This is a lot more than just another stablecoin – this is truly the start of something huge.
Telcoin just cracked the code on bringing crypto to Main Street, USA.
And they did it in Nebraska, proving you don't need to be in Silicon Valley (or Wyoming for that matter) to redefine crypto finance.
Game on, America.
Explore more articles like this
Subscribe to Asvoria News to receive all the latest news.
Stay ahead with exclusive press releases and expert insights on Web3 and the Spatial Web. Be the first to hear about Asvoria’s latest innovations, events, and updates. Join us — subscribe today!
Editor’s choice
© 2025 Asvoria. All rights reserved.
Avoria does not endorse or promote investment in any of the tokens or NFT projects featured on this platform.
We accept no responsibility for any losses incurred. Users should conduct their own research and consult with a financial advisor before investing.
For more information about Doing Your Own Research (DYOR), please visit this link.