SMART COINS

Wyoming has made the first formal move toward issuing what could be the country's first state-issued stable token, which will be fully backed by U.S. Treasuries, cash, and repurchase agreements.

The Trump family's WLFI DeFi project has launched a native stablecoin, $USD1, which is not yet tradable but is already getting much attention in the crypto space as scammers moved to replicate the coin.

Stablecoins were at center of a House Financial Services Committee hearing Tuesday, wherein House Republicans highlighted the benefits of such coins to the broader financial system.

Stablecoins took the spotlight during Wednesday's Senate Banking Committee hearing on digital assets, with Sen. Lummis noting that stablecoins will come first in terms of legislation.