Wyoming Puts Stablecoin Reserves Onchain With Under $1M Outstanding

The move to put reserves onchain is a governance signal more than a market event at this scale, given the token's negligible supply relative to projections. It matters because it tests whether state-issued stablecoins can credibly adopt transparency infrastructure, potentially setting a template for other public sector issuers. The open question is whether adoption grows enough for this proof-of-reserve mechanism to become operationally meaningful, rather than a symbolic first step.