- Polygon and Ethereum now host eUSD, a bank-issued, regulated U.S. greenback stablecoin launched below Telcoin Digital Asset Financial institution’s constitution.
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Telcoin minted $10M eUSD and targets early 2026 buyer onboarding for private and enterprise accounts through the Telcoin Pockets V5.
A U.S.-chartered digital asset financial institution has issued a dollar-backed stablecoin on a public blockchain, with Polygon chosen as one of many launch networks. Telcoin Digital Asset Financial institution has rolled out eUSD on Polygon and Ethereum and minted $10 million value of the token in its first issuance. The discharge positions Polygon on the heart of what the corporate described as the primary U.S. bank-issued stablecoin accessible on a public chain.
The rollout follows remaining constitution approval granted final month by the Nebraska Division of Banking and Finance. The financial institution’s issuance framework references the Nebraska Monetary Innovation Act and aligns with federal GENIUS Act pointers, in line with the announcement.
The venture frames eUSD as a regulated “digital money” stablecoin issued immediately by a financial institution construction somewhat than a separate non-bank entity.
A primary for U.S. banking: a dollar-backed stablecoin issued immediately on a public blockchain.
Below the Nebraska Monetary Innovation Act and according to federal GENIUS Act pointers, Telcoin Digital Asset Financial institution has launched the eUSD stablecoin on Polygon.
A significant step… https://t.co/Lvx2PfCP0M
— Polygon | POL (@0xPolygon) December 29, 2025
Polygon information across the launch described it as a milestone for U.S. banking on public blockchain rails. In the meantime, the financial institution linked the primary mint to the beginning of preliminary blockchain banking operations and described the step as a part of a transfer towards blockchain-native accounts in america.
The primary issuance locations eUSD dwell on-chain, whereas the broader product rollout will proceed in a phased rollout over the approaching months.
As we beforehand coated, Polygon built-in Ethereum’s Fusaka EIPs within the Madhugiri hardfork to enhance L1–L2 effectivity and strengthen safety. The improve went dwell on December 9 at block 80,084,800 on the Polygon PoS mainnet.
eUSD Rollout Units Timeline for 2026 Account Onboarding
eUSD is now accessible throughout each networks for transfers and settlement, and the launch is being offered as section one of many financial institution’s operations. Telcoin CEO Paul Neuner described the issuance on Ethereum and Polygon because the opening step towards providing blockchain-native financial institution accounts below the Nebraska constitution, with extra providers scheduled because the platform construct continues.
Buyer onboarding is predicted to start in early 2026 as private and enterprise accounts come on-line. Private accounts are deliberate to be delivered by an upcoming V5 launch of the Telcoin Pockets, which is being positioned because the entry level for account options.
The financial institution is making ready operational workflows that help regulated issuance and fee exercise inside its banking construction. The near-term focus is about on readiness for retail entry, with the stablecoin appearing because the settlement instrument for future account-based providers.
Polygon has been saying new partnerships to help quicker, lower-cost crypto transfers, together with verified username-based funds that exchange lengthy addresses. As CNF reported earlier, Mastercard partnered with Polygon and Mercuryo to increase Crypto Credential into self-custody wallets.
CNF additionally beforehand coated that Polygon CEO Sandeep Nailwal expects 2026 to be pivotal as Polygon scales on-chain, cross-border funds. He linked the push to latest offers with Revolut and Mastercard, which help prompt stablecoin transfers and Crypto Credential entry for self-custody wallets.
Polygon’s POL trades at $0.1033, dipping 1.8% prior to now day.
