Wyoming lawmakers want state to launch its own stablecoin
If a bill passes, the state’s stablecoin may appear by the end of the year
19.02.2022 - 08:45
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What’s new? The Wyoming lawmakers have proposed a bill that requires the state to issue a stablecoin pegged to the US dollar. If the government approves the proposal, the state will have its own stablecoin by the end of the year. The bill will be sponsored by Wyoming senators Chris Rothfuss and Tara Nethercott, as well as state representatives Mike Yin and Jared Olsen.
What does the state need its own stablecoin for? The bill does not say what the purpose of creating a digital coin is. But given the state’s interest in cryptocurrencies, the move can play an important role in Wyoming’s development in this area.
However, this is not the first state to propose to develop its own stablecoin. Earlier, it was reported that the residents of Miami, Florida voted to adopt MiamiCoin (MIA).
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