Wyoming has become the first state in the U.S. to launch its own stablecoin.
And with that launch, Bloomberg News reported Tuesday (June 16), comes a debate about what the Frontier Stable Token means for the cryptocurrency industry.
Governor Mark Gordon told Bloomberg he’s been a “cautious adopter” of the coin, focused more on making sure they are reliable before worrying about sales.
“We’re not trying to be the fastest horse in the barn,” Gordon said. “We’re trying to actually be the one that you can take out and make sure it works.”
The report adds that Wyoming — the smallest state in terms of population — has become the latest theater in the conflict between traditional banks and the crypto sector amid…
