Nebraska Moves Forward With Regulated Stablecoin Banking
Interest in safe and regulated digital-asset services is growing quickly in the U.S. To support this trend, the Nebraska Department of Banking and Finance announced on November 12 that it has approved a charter for Telcoin Digital Asset Bank. This charter allows Telcoin to operate a digital-asset depository bank under Nebraska’s supervision.
Nebraska Governor Jim Pillen said the state is taking a major step forward:
Nebraska is leading a new era of digital payments by giving a charter to a digital-asset bank that can create (or “mint”) stablecoins.
This move shows Nebraska’s goal of combining traditional banking rules with new financial technology. Through the Nebraska Financial Innovation Act, the state is becoming one of the first to support regulated stablecoin issuance. With this charter, Telcoin Digital Asset Bank can offer tokenized payments—similar to using checks, debit cards, or digital wallets, but powered by blockchain.
The Nebraska Department of Banking and Finance will supervise all digital-asset institutions it approves. The goal is to support innovation while making sure operations remain safe and stable.
Kelly Lammers, the department’s director, emphasized that stablecoins issued under this system will be backed by secure assets:
Each stablecoin will mainly be supported by U.S. government bonds or deposits held in FDIC-insured Nebraska banks.
Telcoin founder and CEO Paul Neuner said the initiative is bigger than just digital tokens:
This is about improving how money, payments, and banking work—using financial technology developed right here in Nebraska.
Some people remain unsure whether stablecoins will become a major part of everyday finance. However, supporters believe that strong regulations, clear collateral rules, and state-level involvement can help build trust. They also say these efforts can expand financial access, including for rural communities, as digital payments continue to evolve.
