The US state of Wyoming has introduced a bill to issue its own stablecoin.
Wyoming, which came to the fore with its crypto-friendly moves, wants to launch a stablecoin this time. State lawmakers on Thursday proposed a law called the Wyoming Stable Token Act (SF0106) so that Wyoming can issue a US dollar-pegged stablecoin. If the bill is passed, there will be until December 31 for the stablecoin to be launched.
As we mentioned earlier, Wyoming is a crypto-asset-friendly state and has taken many steps in this direction before. Wyoming became the first state to charter a crypto bank and legally recognize DAOs.
Caitlin Long, Founder and CEO of Wyoming’s Avanti Bank & Trust, also announced the news on her Twitter account, “Wyoming continues to make great crypto strides”:
https:// twitter.com/CaitlinLong_/status/1494427624453685248
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