Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network’s omission from the Wyoming Stablecoin project.
Wyoming is set to debut the U.S. dollar-backed stablecoin Wyoming Stable Token (WST) in the first quarter of 2025, but Cardano was excluded from the selected blockchains.
Hoskinson argues that Cardano’s exclusion violated Wyoming’s good-faith procurement laws and is considering potential litigation and other strategies to challenge the decision.
He expressed concerns that the selected blockchains might divert economic benefits away from Wyoming and harm the state's blockchain ecosystem.