Wyoming to launch dollar-backed Stablecoin

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Wyoming to launch dollar-backed Stablecoin

^{Published on 2025-03-08 13:20:48 - MSN}

CNN's Kaitlan Collins caught up with DJ Daniel, the 13-year-old cancer survivor honored by President Donald Trump during his address to Congress. Gov. Mark Gordon, R-Wyo., says the state needed something that was predictable and stable on 'The Claman Countdown.'

Wyoming is set to launch a new dollar-backed stablecoin, aiming to become the first U.S. state to do so. This initiative is part of a broader effort to integrate blockchain technology into the state's financial systems. The stablecoin will be fully backed by the U.S. dollar, providing a digital currency that maintains a stable value relative to the dollar, potentially reducing the volatility often associated with cryptocurrencies. This move is expected to facilitate faster, cheaper transactions and could attract blockchain and fintech companies to Wyoming, enhancing its economic landscape. The project reflects Wyoming's progressive stance on cryptocurrency and blockchain, following its earlier adoption of laws friendly to digital assets.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/wyoming-to-launch-dollar-backed-stablecoin/vi-AA1AtIHv ]

N@N

Wyoming to launch dollar-backed Stablecoin