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Welcome to the Stablecoin Alphabet Soup Ft. Chris Harmse & Nabil Manji

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CHAPTER

The Rise of State-Backed Stablecoins

This chapter discusses Wyoming's initiative to launch WYST, the first fiat-backed stablecoin issued by a public entity in the U.S. The conversation delves into the regulatory implications, potential funding solutions, and the competitive landscape shaping state-issued stablecoins, emphasizing the shift toward legitimacy in the digital currency space. It also draws parallels to historical banking trends, analyzing challenges in distribution and adoption amidst a growing fintech ecosystem.

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