Telcoin, a blockchain-based financial services company, has raised $25 million in a pre-series A funding round. The funds will be used to launch a regulated Telcoin digital asset bank, expected to debut later this year. Additionally, the financing will support the issuance of a bank-grade eUSD stablecoin for cross-border remittances and merchant payments. Telcoin is also upgrading its currency, payment, and banking technologies to meet new global on-chain standards.
Telcoin Secures $25 Million in Pre-Series A Funding for Digital Asset Bank
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