According to Telcoin, the funding will support launching a regulated digital asset bank and issuing a bank-grade eUSD stablecoin aimed at cross-border payments and merchant transactions.
Blockchain-based financial services firm Telcoin announced it has raised $25 million in a pre-Series A funding round to launch a regulated digital asset bank later this year. The funds will also back the issuance of a bank-grade eUSD stablecoin designed for cross-border remittances and merchant payments. Telcoin aims to upgrade its currency, payment, and banking technology to a new global on-chain standard, marking a significant step in its expansion into regulated blockchain banking services.