Telcoin Issues First U.S. Bank Stablecoin on Polygon Blockchain

Telcoin Digital Asset Bank (chartered in Nebraska) issued eUSD, the first USD stablecoin directly from a U.S.-regulated bank, going live December 26, 2025, on Ethereum and Polygon with an initial $10M mint. Fully 1:1 backed by USD deposits and short-term Treasuries, eUSD combines traditional banking oversight with blockchain-native payments and DeFi access. It's already usable in the Telcoin Wallet on Polygon (and Ethereum), with more chains planned.