The US state of Wyoming has approved the application of the cryptocurrency company Avanti for registration as a bank.
The payment operator and castoian startup is also developing its own USD-based stablecoin Avit. Bitcoin and Ethereum users will be the first to try the token, but the team plans to cover more blockchains.
The State Financial Regulatory Commission unanimously supported Avanti’s bid, which came as no surprise. Earlier, local officials approved a similar request from the Kraken digital asset exchange.
It is noteworthy that Wyoming remains the only state with specialized depository institutions capable of making final settlements in the «cryptocurrency-dollar» format.