Wyoming’s Stablecoin Plan Is Latest Crypto Push by Cowboy State

It turns out that the high plains and majestic mountains of Wyoming are a hotbed of activity when it comes to laying out the groundwork for crypto regulation.

The least populated state’s select committee on blockchain has put forth dozens of pieces of legislation over the last five years. And just last month, Wyoming announced plans to launch a dollar-backed token by early 2025, which aims to lower consumer payment costs using blockchain technology.

A significant challenge for the Cowboy State’s plans will be educating consumers and businesses on how cryptocurrencies work and shepherding them through a steep adoption curve, ...