Telcoin Secures Landmark Banking License as eUSD Emerges as the First Stablecoin Issued by a Bank

The Telcoin (TEL) token was issued by Telcoin in 2017 and is now governed by the Telcoin Association, and serves as the native gas token of the Telcoin Network.Telcoin, a multi-national fintech serving 171 countries, is revolutionizing global finance by integrating blockchain technology, telecommunications, and digital banking. Telcoin’s mission is to provide borderless, instant, and affordable financial services to every mobile phone user worldwide.Telcoin offers the Telcoin Wallet, a multi-signature DeFi wallet supporting more than 100 digital assets and remittances to eWallets and bank accounts globally. Telcoin is regulated as a Virtual Asset Service Provider in the EU (Lithuania) and Argentina, a Major Payment Institution in Singapore, and a Money Services Business in the US, Canada, and Australia. Telcoin Bank, a Digital Asset Bank, recently conditionally approved by the Nebraska Department of Banking and Finance, is set to become the first true crypto bank in the United States, the first regulated bank issuer of stablecoins (“Digital Cash”), and the first banking charter explicitly authorized to connect consumers to DeFi.The Telcoin Association, a blockchain consortium for mobile networks, is a non-profit organization whose mission is to represent the interests of GSMA Mobile Networks and other stakeholders in maintaining and developing the Telcoin Network: an EVM-compatible, public blockchain secured global mobile telecom operators using a Proof-of-Stake consensus. In 2018, Telcoin was the first blockchain company to become a member of the GSMA, the premier global telecom industry group. Telcoin Association’s vision is that the mobile telecom industry – the most distributed industry in the world, with massive data-center infrastructure closest to the world’s 7 billion smartphones – is perfectly suited to run a distributed ledger, and switch blocks as a network service alongside switching phone calls, text messages and data packets. The Telcoin Association is committed to expanding financial inclusion by providing universal access to accessible and affordable financial services globally.The Telcoin Association is a Swiss non-profit organization domiciled in Lugano, Switzerland and is governed by a decentralized group of Miner Councils that run the various aspects of the Telcoin Platform, including the management of the Telcoin (TEL) token. Read more about the Telcoin Association here.Telcoin is led by Founder and CEO Paul Neuner and a global management team with vast experience in blockchain, telecommunications, and banking. Read more about Telcoin here. Meet the entire team here.