Wyoming Plans to Launch its Own Stablecoin in Q1 Next Year
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During the Wyoming Blockchain Symposium, Governor Mark Gordon spoke about the state’s commitment to embracing blockchain innovation and announced plans for a stablecoin, set to be launched in 2025.
As Chair of the Wyoming Stable Token Commission, Gordon revealed that the state is currently working on securing the stablecoin tokens with US Treasury bills and repurchase agreements, and is planning to collaborate with exchange partners for listing in Q1 of 2025.
He also addressed the issue of government involvement in financial crises, pointing out the decision to support failing institutions following the 2008 financial crisis and emphasizing the importance of capitalism and the possibility of failure.
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