Gordon recently appeared at the Blockchain Symposium where he revealed plans for a stablecoin that will be pegged to the value of the US dollar and is expected to be issued in 2025.
Governor Gordon explained how the state is embracing blockchain innovation in stock prices, saying, "We are now investing in stocks through the U.S. Treasury bond and repurchase agreement."
We are currently working on supporting table coin tokens. We plan to then work with exchange partners to promote listing in the first quarter of 2025."
Wyoming's stablecoin plan was first proposed as a bill in February 2022, and the state is expected to establish a stablecoin committee in July 2023.
However, at the time, Governor Gordon vetoed the bill for lack of sufficient information and business plan. The bill also raised issues of competition with the central bank and the state-issued dollar station.
This sparked a controversy between Bullcoin and the Federal Reserve. Umee CEO and co-founder Brent Shu
Industry executives like Xu predict that private stablecoin issuers will clash with the federation.
Meanwhile, Wyoming Senator Chris Rothfuss said, "A state-issued dollar stablecoin would not compete with the Federal Reserve and would not be able to compete with the Treasury."
"Kun only represents the underlying assets issued by the Federal Reserve Bank."
2024/08/22 17:25 KST
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