{"id":19275,"date":"2025-03-26T22:31:53","date_gmt":"2025-03-26T22:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19275"},"modified":"2025-03-26T22:31:53","modified_gmt":"2025-03-26T22:31:53","slug":"wyomings-mark-gordon-says-state-should-issue-stablecoin-by-july","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19275","title":{"rendered":"Wyoming’s Mark Gordon says state should issue stablecoin by July"},"content":{"rendered":"
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\"Wyoming's<\/p>\n

Wyoming Governor Mark Gordon said the state\u2019s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.<\/p>\n

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:<\/p>\n

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens \u2014 Wyoming stable tokens \u2014 on several test networks.”<\/p><\/blockquote>\n

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.<\/p>\n

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Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: <\/em>Sei<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Related: <\/strong><\/em>Yield-bearing stablecoins could kill banking \u2014 US Senator Gillibrand<\/strong><\/em><\/a><\/p>\n

Wyoming Stable Token Commission<\/h2>\n

Wyoming lawmakers introduced the \u201cWyoming Stable Token Act\u201d in February 2022 to establish a state-issued stablecoin<\/a> pegged to the value of the US dollar and redeemable for fiat.<\/p>\n

The bill<\/a> was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state\u2019s stablecoin supply.<\/p>\n

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission<\/a> with officers and executives to research and develop the state\u2019s stablecoin.<\/p>\n

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The Wyoming Stable Token Act. Source: <\/em>Wyoming Legislature<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window<\/a> for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.<\/p>\n

At the time, Gordon slammed the \u201ctoo big to fail\u201d ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a \u201cdrag on innovation.\u201d<\/p>\n

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain<\/a> to ensure transparency, accountability, and efficiency in government spending.<\/p>\n

Magazine: <\/strong><\/em>Bitcoin payments are being undermined by centralized stablecoins<\/strong><\/em><\/a><\/p>\n