{"id":22455,"date":"2025-03-27T09:55:49","date_gmt":"2025-03-27T07:55:49","guid":{"rendered":"https:\/\/forklog.com\/en\/wyoming-announces-launch-of-first-state-issued-stablecoin\/"},"modified":"2025-03-27T09:55:49","modified_gmt":"2025-03-27T07:55:49","slug":"wyoming-announces-launch-of-first-state-issued-stablecoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wyoming-announces-launch-of-first-state-issued-stablecoin\/","title":{"rendered":"Wyoming Announces Launch of &#8216;First State-Issued Stablecoin&#8217;"},"content":{"rendered":"<p>Wyoming plans to issue its own fiat-backed stablecoin by July, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-26\/wyoming-governor-expects-state-to-issue-own-stablecoin-by-july\">Bloomberg<\/a>.<\/p>\n<p>If the project comes to fruition, the &#8216;stablecoin&#8217; will be the first issued by a government entity in the United States.<\/p>\n<p>The token will be backed by treasury bonds, cash, and asset repurchase agreements.<\/p>\n<p>State legislation mandates maintaining a backing level of at least 102%. Revenue from reserve assets will be directed towards education and infrastructure development. The new token has been tentatively named WYST.<\/p>\n<p>Wyoming Governor Mark Gordon noted that the stablecoin could benefit not only farmers but the entire agricultural sector.<\/p>\n<p>Back in March 2024, the state <a href=\"https:\/\/u1f987.com\/en\/news\/wyoming-legalizes-dao-operations\">legalised<\/a> the activities of DAOs. These organisations can enter into contracts with third parties, open bank accounts, appear in court, and pay taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wyoming plans to issue its own fiat-backed stablecoin by July, according to Bloomberg. If the project comes to fruition, the &#8216;stablecoin&#8217; will be the first issued by a government entity in the United States. The token will be backed by treasury bonds, cash, and asset repurchase agreements. State legislation mandates maintaining a backing level of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,26],"class_list":["post-22455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22455"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22454"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}