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Wyoming Stablecoin Director Highlights Tether’s $13B Annual Profit

Executive Director of WYOSTABLE notes Tether’s profits exceed Wyoming’s two‑year $11B state budget, underscoring stablecoins’ economic scale.

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Summary

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Terms & Concepts
  • Stablecoin: A type of cryptocurrency pegged to a stable asset, such as the US dollar, to reduce price volatility.
  • Tether: A leading USD-pegged stablecoin issued by Tether Limited, widely used for trading and value transfer in crypto markets.