LINCOLN, Neb. (WOWT) - Nebraska Gov. Jim Pillen signed a charter Wednesday allowing a Norfolk-based company to become the nation’s first digital asset bank.

The charter subjects Telcoin to state regulation and backs its cryptocurrency “predominantly” with federal bonds or FDIC-insured Nebraska banks. The move turns Telcoin turning them into “ stablecoins ” in an effort to increase public confidence in — and use of — digital wallets by providing an alternative to other popular yet more volatile forms of digital currency.

“For Nebraskans, stablecoins — a version of cryptocurrency designed to maintain a steady value — may soon be another payment option alongside checks, debit cards, and digital wallets," Wednesday’s release from the governor states.

“Our message to the industry is

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