Wyoming Nears First Stablecoin Launch by ‘Public Entity for the Public Benefit’

States can have stablecoins, too. Joel Revill, CEO of Two Ocean Trust and Commissioner of Wyoming’s Stable Token Commission, takes Karen Webster through the two year journey to create the first state-issued stable token aimed at funding public works and schools, while providing regulatory clarity lacking at the federal level.

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About PYMNTS

PYMNTS is a recognized global leader for data, news and insights on innovation in payments and the platforms powering the connected economy. Founded in 2009, PYMNTS is the source that decision-makers turn to when seeking a balanced, curated and informed point of view on the role of payments, connected devices and new tech in transforming how people and businesses pay, get paid and monetize their interactions. PYMNTS uses proprietary research, data analysis and executive insights to create content. That content helps start conversations with readers – between colleagues, their partners and among executive teams, as well as on social channels – about how innovations in payments are shaping the future of our connected world, and how it impacts business decisions. Since day one, PYMNTS’ guiding principle has been about “what’s next.” We use a set of proven frameworks based on cutting-edge economics to determine how innovation ignites and scales in dynamic markets, enabling us to identify and analyze relevant trends well before they become mainstream.

About Two Ocean Trust

Two Ocean Trust partners with ultra-high-net-worth individuals, family offices, and foundations. As a privately owned trust company, independent of other financial institutions, we deliver trust, custody, and investment solutions to a select number of important relationships. This approach ensures our interests align fully with our clients’ long-term goals.