Telcoin launches eUSD stablecoin managed on Polygon

2025-12-27 02:24:24

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Telcoin has officially entered the blockchain banking sector with the launch of eUSD, the first USD stablecoin in the US issued directly by a bank and fully compliant with legal regulations. This event follows the approval of the final charter by the Nebraska Department of Banking and Finance, marking a significant step in integrating traditional banking with decentralized finance.

eUSD is issued on both Ethereum and Polygon, with an initial supply of 10 million USD. Unlike many off-chain or unregulated stablecoins, eUSD is designed as on-chain “digital cash,” backed 1:1 by USD deposits and short-term US Treasury bonds in managed reserve funds. This structure provides direct legal claim rights to bank deposits, enhancing transparency, compliance, and trust from both individual and institutional investors.

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