Telcoin (TEL) Crypto Surges 30% as Stablecoin Regulation Hopes Boost Prices in the U.S.

[Redator]

Telcoin is trending, adding 30% in the past 48 hours. Will TEL crypto break higher? Demand stems from positive regulatory developments in the United States. The GENIUS Act was approved in the Senate and will likely find support in the House.

By 2030, Citi projects the global stablecoin market to reach $3.7 trillion, with a conservative estimate of $1.6 trillion if traction is slower than expected.

Meanwhile, Ark Invest forecasts stablecoins to hit $1.4 trillion by the same period. On the other hand, U.S. Treasury Secretary Scott Bessent is confident the industry could surge above $2 trillion by 2028.

Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.

Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long.

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

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

Boston Consulting Group (BCG) gives an even bolder projection, estimating USDT, USDC, and all stablecoins could swell to at least $16 trillion within the next five years.

Explore: Top Solana Meme Coins to Buy in June 2025

Telcoin in Focus: TEL Surges 30% in 48 Hours

Evidently, global banks are increasingly bullish on stablecoins and, indirectly, on the broader crypto market. Capitalizing on this trend are firms preparing for a promising future. While Circle grabs headlines after its explosive growth following its NYSE listing, attention is turning to an altcoin: Telcoin.

Telcoin has been operational for over a decade, with a core mission to enhance mobile transactions via the blockchain. Like even some of the best cryptos to buy, TEL fell in H1 2025. However, recent price action points to strength. In the past two days, TEL, its native coin, has been a top performer, outpacing even some of the top Solana meme coins.

According to trackers, TEL (No data) surged 30% on June 23, with prices climbing further yesterday. While gains were less pronounced than Sunday’s rally, the upward movement lifted the coin out of bearish territory, setting the stage for potential further gains.

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From the daily chart, TEL is in a bullish formation following the printing of an engulfing bar on June 23. The spike was accompanied by rising trading volume, indicating strong trader interest. Prices are highly likely to break out of the current consolidation and close above $0.0048. If this occurs, TEL could extend gains, even reaching January 2025 highs.

GENIUS Act Hopes in the U.S. Fueling the Rally?

The pace of this growth aligns with positive regulatory developments in the United States.

Telcoin is focused on enhancing mobile transactions using blockchain for efficiency and transparency.

Additionally, the establishment of Telcoin Bank has been approved. The bank will operate as a digital asset depository institution compliant with Nebraska laws, holding a 24.9% stake in Battle Creek State Bank. Telcoin Bank is also explicitly authorized to issue regulated stablecoins, including its eUSD, dubbed “Digital Cash.”

It is a seminal moment in time for us at @telcoin as we have been granted conditional approval to become Nebraska's first digital asset depository by the Nebraska Department of Banking & Finance. https://t.co/r70b0cBWls

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

The approval from the state of Nebraska came in April and followed Telcoin’s significant involvement in developing the Nebraska Financial Innovation Act in 2021. This legislation provides a framework for approving digital asset banks in Nebraska.

What makes eUSD unique is its ability to bridge traditional financial infrastructure and DeFi, enabling seamless onchain transactions and interoperability. This gives Telcoin a competitive edge and a strong moat. The anticipated approval of the GENIUS Act in the House of Representatives, and later by President Donald Trump, provides tailwinds for TEL.

Once the GENIUS Act becomes law, compliant stablecoin issuers will gain a first-mover advantage. For instance, the act mandates that issuers back their tokens with high-quality liquid assets, primarily U.S. Treasuries. It is a model Telcoin has already adopted.

Additionally, the GENIUS Act allows state-chartered crypto banks like Telcoin Bank to issue stablecoins under strict state and federal supervision. Already compliant, Telcoin gains legitimacy without the burden of costly full federal chartering.

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Telcoin TEL Crypto Surges 30% Amid GENIUS Act Hopes

• Telcoin trending higher, surges 30% in 24 hours 
• TEL might break above key resistance levels 
• Telcoin Bank approved to issue a stablecoin, eUSD 
• GENIUS Act likely to become law in the United States 

The post Telcoin (TEL) Crypto Surges 30% as Stablecoin Regulation Hopes Boost Prices in the U.S. appeared first on 99Bitcoins.