Wyoming has issued a stablecoin, marking a milestone for state-led digital currency initiatives. The reserves are managed by Franklin Templeton, announced alongside the affiliate Fiduciary Trust Co. International’s involvement in the arrangement. Details on governance and regulatory oversight were not fully disclosed.
The move highlights growing interest from traditional asset managers in tokenized finance and on-chain settlements. Analysts say the development could influence future state-level crypto programs, though questions remain about consumer protections and compliance.
Leave a Reply