TEL price soars after Telcoin received final charter approval in Nebraska

• Telcoin has gained Nebraska approval for the first US digital asset bank.
• Telcoin’s TEL token surged over 95% following the approval.
• The bank aims to bridge traditional finance with blockchain and DeFi access.

Telcoin (TEL) price has skyrocketed following a landmark regulatory breakthrough that positions the project at the forefront of the emerging US digital asset banking sector.

The cryptocurrency, which had already been gaining attention for its remittance-focused infrastructure, experienced a surge of more than 95% after Nebraska regulators granted the company final approval to operate as the first Digital Asset Depository Institution in the United States.

The approval has created a wave of optimism among investors, signalling a new era where compliant blockchain banking and traditional finance converge.

Telcoin’s historic charter approval

The regulatory approval allows Telcoin to operate as a fully chartered US digital asset bank.

This gives the company the authority to issue eUSD, the first bank-issued, on-chain US dollar stablecoin backed by dollar deposits and short-term treasuries.

CEO Paul Neuner described the charter as a historic moment, emphasising that it enables the creation of “Digital Cash” for everyday use and connects traditional banking to blockchain-based financial services.

By bridging crypto and traditional finance, Telcoin is now positioned to reduce regulatory risks while accelerating adoption of its remittance-focused network.

The charter also opens the door for Telcoin to offer retail and commercial depository services, accept crypto deposits, and provide crypto-backed loans.

The bank will leverage Federal Reserve payment rails, which enhances liquidity and trust for institutional and retail clients alike.

Regulatory clarity has been a persistent barrier in the cryptocurrency space, and this approval sets Telcoin apart from other blockchain companies that operate without a depository trust charter.

Nebraska’s decision demonstrates that compliant blockchain banking is achievable, offering a model that other states may follow.

Telcoin (TEL) price reaction

The market responded immediately with the Telcoin (TEL) price jumping from a low of $0.00284 to highs near $0.00689 within hours, before settling around $0.006 across major exchanges.

Trading volumes also soared to approximately $1.74 million during this period, making Telcoin the top performer among the top 200 cryptocurrencies by market capitalisation.

The cryptocurrency’s market value now stands at roughly $610 million, reflecting investor confidence in the project’s long-term prospects and its regulatory-backed utility.

Technical indicators have reinforced the bullish sentiment, seeing that TEL has broken above the $0.0042 resistance level and has sustained momentum above the 200-day moving average, driven by short-covering and FOMO buying.

Although the RSI has entered overbought territory, signalling strong upward pressure, the MACD confirms the breakout’s momentum.

Eyes are now on the $0.0067 level, which corresponds to a key Fibonacci extension, as a potential confirmation of a macro trend reversal.

Telcoin’s growing influence in US banking

Telcoin’s strategic vision now includes not only issuing the eUSD stablecoin but also enabling the remaining 95% of US banks to integrate blockchain-based financial services.

The Nebraska Financial Innovation Act of 2021 laid the groundwork for this development, while the recent GENIUS Act approval provides federal guidance for stablecoins and digital assets.

By creating a compliant bridge between fiat banking and decentralised finance, Telcoin aims to offer practical solutions for both consumers and financial institutions, further distinguishing the TEL cryptocurrency as a utility-driven asset rather than a speculative token.

By securing regulatory approval, Telcoin strengthens its position as a leading player in this niche, attracting investors who value legal certainty and real-world application.