Wyoming Governor Mark Gordon recently spoke at the Wyoming Blockchain Symposium about the state's embrace of blockchain technology. He announced plans for a state-backed stablecoin set to launch in 2025. Gordon, also the Chairman of the Wyoming Stable Token Commission, revealed that the stablecoin would be supported by US Treasury bills and repurchase agreements. The state aims to list the stablecoin on exchanges in Q1 2025. Gordon criticized government bailouts post the 2007-2008 financial crisis and emphasized Wyoming's pro-risk growth strategy. He highlighted the state's proactive digital asset regulations, positioning it for growth in the sector. The Governor also questioned the Federal Reserve system's impact on innovation and history of central banks in the US. The stablecoin initiative, proposed in 2022, faced initial opposition but has since gained support amidst debates on central bank competition. Read more AI-generated news on: https://app.chaingpt.org/news