Wyoming’s Dollar-Pegged Stablecoin All Set To Launch In Q1 2025

The post Wyoming’s Dollar-Pegged Stablecoin All Set To Launch In Q1 2025 appeared first on Coinpedia Fintech News

Wyoming Governor Mark Gordon has announced that in the first quarter of 2025, the state is all set to launch its state-issued, dollar-pegged stablecoin, during the Wyoming Blockchain Symposium. Reflecting Wyoming’s commitment to blockchain innovation and financial stability, the stablecoin will be backed by U.S. Treasury bills and repurchase agreements. Wyoming is planning to list the stablecoin early next year. The Governor has criticized the past government bailouts and the Federal Reserve’s role in suppressing innovation while contrasting it with Wyoming’s values of risk-taking and digital asset regulation.