Why Telcoin Is Up 77% Today: Digital Bank Approval Boosts TEL Crypto Price

By Marco Piccolo

Telcoin’s native cryptocurrency, TEL, skyrocketed by 77% in the past 24 hours after the company announced it had received final approval to launch Telcoin Digital Asset Bank (TDAB), making it the first regulated Digital Asset Depository Institution (DADI) in the United States.

The token is now trading at its highest levels since August, as investors react positively to the news.

Telcoin launches the first U.S.-chartered digital asset bank

The Nebraska Department of Banking and Finance granted Telcoin final charter approval, authorizing TDAB to offer crypto deposits, loans, and access to Federal Reserve payment rails. This milestone marks a historic moment in the integration of blockchain and traditional finance, as Telcoin aims to become the first blockchain-native bank operating within a fully regulated U.S. framework.

Telcoin Digital Asset Bank is granted final approval by the Nebraska Department of Banking and Finance.

A historic moment for blockchain innovation, this charter enables Telcoin to bring regulated stablecoins into traditional banking.https://t.co/5d1p7T3HKK

— Telcoin (@telcoin) November 12, 2025

The launch of TDAB is accompanied by the introduction of eUSD, a fully regulated, on-chain U.S. dollar stablecoin backed by dollar deposits and short-term Treasuries. Unlike other stablecoins often issued by offshore or unregulated entities, eUSD is designed to operate transparently on public blockchains while maintaining full reserve backing.

eUSD sets a new standard for compliant stablecoins

According to Telcoin CEO Paul Neuner, eUSD represents a significant upgrade to the U.S. banking system.

“We’re proving that a bank can issue on-chain Digital Cash responsibly and operate in full alignment with U.S. regulators.”

He emphasized that the stablecoin is not meant to pull funds out of the banking system but to modernize money and payment infrastructure itself.

TDAB’s model allows for programmable, interoperable money that moves seamlessly across blockchain and traditional systems. Neuner noted that while institutions like JPMorgan are working on tokenized deposits, eUSD operates as a public, free-flowing digital dollar, differentiating itself from closed-loop banking tokens.

Helping smaller banks bridge to blockchain

TDAB also aims to support smaller U.S. banks, which often lack the infrastructure to handle digital assets in-house. “Only the largest five percent of banks will be able to do digital assets in-house,” said Patrick Gerhart, President of Banking Operations at Telcoin. “We look forward to helping the other 95 percent stay relevant and connect to blockchain-based finance in a safe and sound manner.”

Backed by a recent $25 million capital raise, TDAB positions Telcoin at the forefront of regulated blockchain finance in the U.S., especially following the recent passage of the GENIUS Act, which provides federal clarity for stablecoins and digital assets.

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