Wyoming Governor Mark Gordon Says the State's Stablecoin Might Launch in July

Wyoming Governor Mark Gordon said the state's proposed stablecoin might be ready to launch by July

Wyoming might launch its own stablecoin by July, according to Governor Mark Gordon, who spoke at the DC Blockchain Summit on March 26.

At the Summit, Governor Gordon highlighted the swiftness and efficiency of the Wyoming state government in integrating blockchain technology. During his speech, he also confirmed that the state is aiming for a July launch of its stablecoin, in partnership with interoperability protocol LayerZero.

"We're moving quickly, and we're focused on making sure that we can get this right," said Governor Gordon.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

As the namesake of pro-crypto Senator Cynthia Lummis, the state of Wyoming has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

After introducing the “Wyoming Stable Token Act” in February 2022, the House passed the bill in February 2023 and the Senate passed it in March 2023.

The act establishes a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat. It also empowers the state treasury to assemble 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 eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Governor 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.