telcoin

According to Crowdfund Insider, after receiving final charter approval from the Nebraska Department of Banking and Finance, Telcoin Digital Asset Bank has officially launched its blockchain banking operations by introducing the eUSD stablecoin on the Ethereum and Polygon blockchains. Telcoin has minted eUSD worth $10 million.Telcoin CEO Paul Neuner stated that the issuance of eUSD on Ethereum and Polygon is the "first phase" of the company's banking operations, marking a key step in providing blockchain-native bank accounts through the Nebraska charter. The company plans to begin accepting customers in early 2026, at which point it will offer personal account services through the upcoming Telcoin Wallet V5 version.

According to Businesswire, Telcoin announced that it has received the final charter license issued by the Nebraska Department of Banking and Finance to launch the first digital asset custody institution in the United States—Telcoin Digital Asset Bank.This charter license allows Telcoin to directly connect U.S. bank accounts with regulated "digital cash" stablecoins. Its flagship product, eUSD, will become the first bank-issued, on-chain dollar stablecoin. This is also the first bank license explicitly authorized to connect U.S. consumers with DeFi.

ChainCatcher news, Telcoin has completed a $25 million pre-A round of financing to launch Nebraska's first digital asset bank.The bank has received regulatory conditional approval and is set to begin operations by the end of 2025, launching a USD-pegged eUSD stablecoin focused on payment and cross-border remittance services. Telcoin integrates blockchain, telecommunications, and banking.

ChainCatcher news, according to Businesswire, blockchain-based financial services company Telcoin announced the completion of a $25 million Pre-A round of financing to fund its digital asset bank, which is scheduled to open later this year.This funding enables Telcoin to meet the capital requirements for its conditionally approved digital asset custody institution license in Nebraska, USA, helping the company bridge the blockchain economy with traditional banking. This financing also supports Telcoin in creating the first bank-issued stablecoin, eUSD.Telcoin is described as a multinational fintech company serving 171 countries, integrating blockchain technology, telecommunications, and banking. Telcoin provides secure, self-custodied blockchain payment and banking services globally, supported by its own decentralized financial infrastructure.

ChainCatcher news, Telcoin officials announced on social media that the Telcoin App has added support for WBTC-related services, allowing users to store, send, and trade WBTC on Polygon.

ChainCatcher news, according to CoinDesk, Telcoin announced today that a few weeks after suffering an attack and losing $1.2 million in funds, it has compensated users for their losses in the security incident, and all user fund balances have been restored to normal.

ChainCatcher message, the blockchain payment application Telcoin has once again released a security incident update stating that it has completed the preparation and internal testing for the recovery process, and has initiated an external audit for the new agent deployment. The external company will take a few days to complete the audit. After the audit is completed, Telcoin will execute the recovery process and then restore the Telcoin App services.

ChainCatcher message, Telcoin has released a security incident update on platform X: "The root cause has been identified; it is not an issue with the Telcoin wallet code itself, but rather a problem with the proxy implementation of the wallet on Polygon, primarily affecting wallets that have never initiated a transaction. A fix has been deployed to prevent further exploitation. We plan to restore all wallets to their previous balances (for all affected assets) before restarting the application services, which may take some time. No keys, backend systems, or user data have been compromised."Previously reported, the Telcoin wallet was attacked with an estimated loss of $1.2 million.

ChainCatcher message, the blockchain payment application Telcoin has experienced a large number of suspicious token operations on Polygon, with a suspicious address allegedly stealing over 300 million TEL tokens and exchanging them for MATIC.Suspicious address: 0xDB4B84F0E601e40a02B54497F26E03EF33f3A5b7Currently, the officials have stated that they are aware of the situation with the Telcoin application and have temporarily frozen the use of the application during the investigation.