Telcoin (TEL) Crypto asset Soars 30% as Optimism for Stablecoin Regulation Raises Prices in the U.S.

Telcoin is experiencing a surge, rising 30% over the last 48 hours. Could TEL crypto reach new heights? The enthusiasm is driven by encouraging regulatory changes in the United States. The GENIUS Act has passed in the Senate and is expected to receive backing in the House.

By 2030, Citi anticipates that the worldwide stablecoin market will hit $3.7 trillion, with a more conservative prediction of $1.6 trillion if growth is slower than projected.

In the meantime, Ark Invest estimates that stablecoins could reach $1.4 trillion by that time. Conversely, U.S. Treasury Secretary Scott Bessent is optimistic that the sector could exceed $2 trillion by 2028.

Crypto is not a challenge to the dollar. In fact, stablecoins can bolster the dominance of the dollar.

Digital assets represent one of the most significant trends globally at this moment, yet they have been overlooked by national governments for far too long.

This administration is committed to… pic.twitter.com/vWsLgYyNW7

— Treasury Secretary Scott Bessent (@SecScottBessent) June 18, 2025

According to Boston Consulting Group (BCG), the firm projects that USDT, USDC, and all stablecoins could balloon to a minimum of $16 trillion within the next five years.

Discover: Top Solana Meme Coins to Consider in June 2025

Telcoin Spotlight: TEL Climbs 30% in 48 Hours

Clearly, major global banks are showing increased optimism toward stablecoins and consequently, the larger crypto market. Companies are positioning themselves to benefit from this positive trend. While Circle is in the limelight due to its significant growth following its NYSE debut, another altcoin is capturing attention: Telcoin.

Having been in operation for over ten years, Telcoin aims to improve mobile transactions using distributed ledger technology. Similar to some of the top cryptocurrencies to invest in, TEL experienced a decline in H1 2025. Nevertheless, the latest price movements suggest resilience. Over the past two days, TEL, its native coin, has been among the best performers, even surpassing several of the leading Solana meme coins.

Tracking data reveals that TEL (No data) soared 30% on June 23, with pricing continuing to rise yesterday. Although these gains were not as dramatic as Sunday’s surge, the upward trend moved the coin beyond pessimistic territory, paving the way for potential further increases.

The daily chart indicates that TEL is forming a uptrend pattern after an engulfing candle appeared on June 23. This spike was coupled with an increase in trading volume, signaling strong trader interest. Prices are very likely to break free from the current consolidation and close above $0.0048. Should this happen, TEL could expand its gains, with potential to reach the highs seen in January 2025.

Hopes Surrounding the GENIUS Act in the U.S. Driving the Rally?

The momentum of this rise corresponds with favorable regulatory progress in the United States.

Telcoin is dedicated to advancing mobile transactions through distributed record technology for enhanced efficiency and transparency.

Moreover, the establishment of Telcoin Bank has been authorized. This bank will function as a digital asset depository institution in accordance with Nebraska regulations, holding a 24.9% interest in Battle Creek State Bank. Telcoin Bank is also officially permitted to issue regulated stablecoins, such as its eUSD, referred to as “Digital Cash.”

This is a pivotal moment for us at @telcoin as we have received provisional approval to become Nebraska’s first digital asset depository from the Nebraska Department of Banking & Finance. https://t.co/r70b0cBWls

— Patrick L. Gerhart (@PatrickGerhart) February 5, 2025

In April, the state of Nebraska granted its approval, following Telcoin’s crucial involvement in crafting the Nebraska Financial Innovation Act in 2021. This law outlines a framework for the approval of digital asset banks in Nebraska.

What sets eUSD apart is its capacity to connect traditional financial systems with Decentralized finance, facilitating smooth onchain transactions and interoperability. This positions Telcoin advantageously with a strong protective advantage. The expected approval of the GENIUS Act in the House of Representatives, and subsequently by President Donald Trump, adds supportive momentum for TEL.

Once the GENIUS Act is enacted, compliant stablecoin issuers will secure a first-mover advantage. For example, the act requires issuers to back their tokens with high-quality liquid assets, primarily U.S. Treasuries. This is a strategy that Telcoin has already implemented.

Additionally, the GENIUS Act permits state-chartered crypto banks like Telcoin Bank to issue stablecoins under strict supervision from both state and federal levels. Already being compliant, Telcoin secures credibility without the hefty costs of obtaining a full federal charter.

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The post Telcoin (TEL) Crypto Experiences a 30% Rise as Stability Crypto law Aspirations Bolster Values in the U.S. appeared first on 99Bitcoins.