Wyoming’s Upcoming Stablecoin Launch

The state of Wyoming is gearing up to launch its long-planned stablecoin in the coming months, according to Governor Mark Gordon, who spoke at the DC Blockchain Summit on Wednesday. The state is targeting a potential July debut following a testing period.

The stablecoin, first proposed via a state bill in February 2022, will be powered by LayerZero and will operate across multiple chains, including Ethereum, Solana, Avalanche, and Ethereum scaling networks like Base, Polygon, Arbitrum, and Optimism.

Editor’s note: This story is breaking and will be updated with additional details.