• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Wyoming Announces Launch of Its Own Stablecoin in 2025

user avatar

by Giorgi Kostiuk

a year ago

  1. Wyoming’s Cryptocurrency Initiative
  2. Criticisms of the System
  3. Implications for the Financial System


    4. The state of Wyoming is preparing to launch its own stablecoin in 2025. This cryptocurrency will be backed by US Treasury bonds.

    Wyoming’s Cryptocurrency Initiative

    Wyoming Governor Mark Gordon announced at the recent Blockchain Symposium that the state plans to issue its own stablecoin in 2025. The cryptocurrency will be backed by US Treasury bonds and repurchase agreements.

    Criticisms of the System

    Mark Gordon also criticized the existing US financial system. He mentioned that not allowing large companies to fail hinders progress. Gordon recalled the establishment of the Wyoming Stablecoin Commission in 2023, explaining his veto of a similar initiative in 2022 due to a lack of information.

    Implications for the Financial System

    Wyoming's new initiative may lead to a conflict with the Federal Reserve. However, Wyoming Senator Chris Rothfuss stated that the state's token would not compete with the Federal Reserve because it would be backed by the same assets.

    Wyoming’s stablecoin initiative will strengthen its position in the digital finance world and may set an example for other states. The cryptocurrency, scheduled to launch in 2025, highlights Wyoming's determination and vision in the field of cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Santiment Updates Ranking of Binance Smart Chain Projects Based on Developer Activity

chest

Santiment has released an updated ranking of Binance Smart Chain projects based on developer activity over the last 30 days, with BTCB leading the list.

user avatarLeo van der Veen

Multi-Layered Convertible Bond Arbitrage: Isolating Derivative Alpha

chest

Convertible bond arbitrage focuses on hybrid securities to profit from pricing mismatches between the bond and its embedded equity option.

user avatarAisha Farooq

Non-Directional Volatility Arbitrage: Trading the Fear Gauge

chest

Volatility arbitrage is a strategy that profits from the difference between implied and realized volatility, allowing hedge funds to generate returns regardless of market direction.

user avatarBayarjavkhlan Ganbaatar

High-Leverage Treasury Basis Trade: A Key Derivative Tactic

chest

The Treasury Basis Trade is a complex arbitrage strategy used by hedge funds to exploit temporary price discrepancies between cash Treasury bonds and their futures contracts.

user avatarTenzin Dorje

Institutional Hedge Funds Pursue Pure Alpha Through Derivative Strategies

chest

Elite institutional hedge funds are increasingly utilizing complex derivative strategies to generate alpha, which represents excess returns achieved through manager skill and market inefficiencies.

user avatarElias Mukuru

Market Sentiment Remains Cautiously Optimistic

chest

Despite Bitcoin's recovery, many altcoins are struggling, reflecting cautious investor sentiment in volatile trading conditions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.