Wyoming lawmakers introduce legislation for state-issued stablecoin

Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.

Four members of the Wyoming Legislature have sponsored a bill that would allow the state treasurer to issue a stablecoin.

On Thursday, Wyoming state Senators Chris Rothfuss and Tara Nethercott with House Representatives Jared Olsen and Mike Yin introduced Senate File SF0106, titled the “Wyoming Stable Token Act.” If signed into law, the bill would authorize the treasurer to issue a U.S. dollar-pegged stablecoin redeemable for fiat held in an account by the state.