Wyoming Is Reportedly Planning to Launch Its Own Stablecoin Pegged to the US Dollar
The token project aims to allow businesses and individuals to transact in a faster and cheaper way while also generating revenue for the state.
Wyoming is preparing to launch its own stablecoin pegged to the US dollar in a bid to generate additional revenue, according to a report by CNBC.
The state is hoping to roll out the Wyoming stable token by the first quarter of 2025.
The token project aims to allow businesses and individuals to transact in a faster and cheaper way while also generating revenue for the state.
Wyoming Governor Mark Gordon says he will push for the adoption of a “transparent” stablecoin fully backed by the state’s short-term Treasury holdings.
“One of the big things for me is to be able to bring back onshore a lot of our debt because if it’s bought by treasuries and supported by Treasurys, it will help to stabilize that market to a degree…
[What] is clear to me is that digital assets are going to have a future. The United States has to address this issue. Washington’s being a little bit stodgy, which is why Wyoming, being a nimble and entrepreneurial state, can make a difference.”
The state’s effort is being led by the Wyoming Stable Token Commission, which is currently reviewing potential partners to help launch the token, including exchanges and wallet providers.
The state is planning to issue the token to an exchange, which in turn would make it accessible to retail users.
Flavia Naves, a commissioner at the Wyoming Stable Token Commission, says that one of the project’s goals is to have the token used for everyday purchases.
Says Naves,
“When you walk into Cowboy Coffee in Jackson, Wyoming, and you want to buy your latte, there’s going to be their wallet there in Solana that you can use to buy your coffee with the Wyoming token.”
Naves also says that the state will hold a “buffer” in the reserves to keep the stablecoin’s US dollar parity in case there’s a crisis. She also emphasizes the state’s commitment to transparency to maintain public trust.
“There will be audits available to the public on how many tokens [are] in circulation [and] how much money is in the bank account backing, so you can always see there is a 1-to-1 [stablecoin-to-dollar ratio]. This is a public token as well so as with any public service, all the information is available.”
The above is the detailed content of Wyoming Is Reportedly Planning to Launch Its Own Stablecoin Pegged to the US Dollar. For more information, please follow other related articles on the PHP Chinese website!

We all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.

In today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.

The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses

FARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.

Crypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.

Grayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.

The world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.

Notepad++7.3.1
Easy-to-use and free code editor

Dreamweaver Mac version
Visual web development tools

SublimeText3 Linux new version
SublimeText3 Linux latest version