RE: CBDC Competition: State Stablecoins
Having a WYUSD also benefits Wyoming in that like PayPal, Circle, and Tether, they can earn interest on the deposits used to back the stablecoin. This, I think, is a way for states to finance themselves without resorting to taxes. Instead of a focus on taxing transactions or property, they could increase their revenues by growing their economies. The more money in circulation, the more interest they can earn. And it doesn't need to be limited to Wyoming citizens. Any person with WYUSD would be contributing to the revenues of Wyoming.