Frontier Stablecoin - Why?

[evilpoke]

https://stabletoken.wyo.gov/

What is the benefit to the state of Wyoming for doing this?

 

[ZapPoke]

Money. As the coins are purchased the money will be invested in US Treasury bills. The coins are tied to the value of the US dollar. Businesses will be able to accept payment in stable coins and avoid the ridiculous processing fees credit card companies charge. The earnings from the T-bills will go to the state. That’s kind of an over simplified explanation but I am no expert either.