To Launch a New Digital Dollar, Wyoming Must Clear a Host of Hurdles

By launching its own digital version of the U.S. dollar, the State of Wyoming could help lower the cost of processing payments, offer an alternative to a central bank digital currency from the federal reserve and potentially earn billions of dollars, state leaders were told Monday. But before the state’s new cryptocurrency can become a reality, they’ll have to sort through a host of logistical and regulatory hurdles — including figuring out whether it’s even legal to issue a so-called stable token.