Wyoming's Mark Gordon says state should issue stablecoin by July

Quick Summary:

Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Source: SeiRelated: Yield-bearing stablecoins could kill banking — US Senator GillibrandWyoming Stable Token CommissionWyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:"The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks".

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets: United States

Topics: Wyoming State State’s Layerzero Gordon Partner Stable Token Commission Stablecoin Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 22:20:00 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27360668

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