Wyoming Governor Mark Gordon Says the State's Proposed Stablecoin Might Be Ready to Launch by July

output:input: Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

The governors of Wyoming and Colorado discussed the progress of their respective states in integrating blockchain technology at the DC Blockchain Summit on March 26.

Both governors spoke about the speed and efficiency of their administrations in working with industry to launch new Web3 initiatives.

Governors Mark Gordon of Wyoming and Jared Polis of Colorado spoke at the 2025 DC Blockchain Summit. Source: Sei

Related: US lawmakers grill SEC chair on crypto regulation in heated hearing

Wyoming stablecoin launch

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of pro-crypto policy.

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was aiming for a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state's public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.