Get the latest tech news
Wyoming Is Pushing Crypto Payments, Trying To Beat the Fed To a Digital Dollar
Wyoming is pioneering the next phase of crypto growth by creating its own U.S. dollar-backed stablecoin, the Wyoming stable token. The state aims for an early 2025 launch and have it serve as a model for a digitized dollar at the federal level, while also using the token's reserves to fund public sc...
The state aims for an early 2025 launch and have it serve as a model for a digitized dollar at the federal level, while also using the token's reserves to fund public schools. At the conference, [Wyoming Governor Mark Gordon] emphasized the importance of resisting the urge to focus too much on how much money the state can make here and to instead prioritize reserve management. [...] Naves emphasized that there will be a "buffer" in the reserves to account for any potential deviations and full transparency to establish and maintain public trust.
Or read this on Slashdot
