According to PANews Businesswire reports on October 15, Telcoin, a blockchain-based financial services company, announced the completion of a $25 million Pre-Series A funding round to fund the Telcoin Digital Asset Bank, scheduled to open later this year. This funding will enable Telcoin to meet the capital requirements for its conditionally approved digital asset depository license in Nebraska, USA, and will help the company bridge the blockchain economy with traditional banking. The funding will also support Telcoin's creation of eUSD, the first bank-issued stablecoin.

Telcoin is a multinational fintech company serving 171 countries. By integrating blockchain technology, telecommunications, and banking, Telcoin provides secure, self-hosted blockchain payment and banking services globally, powered by its own decentralized financial infrastructure.