Wyoming Stable Token Commission

It appears that Wyoming is looking into creating their own USD-backed stable coin. They've narrowed the choice on where to host it down to a small number of public blockchains.

It isn't clear to me how this benefits the people of Wyoming, or why it makes any sense for a US state to issue their own stable coin, but I'd love to hear thoughts from others.

Here are the potential chains:

Solana, Sui, Ethereum (inclusive of Polygon, Arbitrum, Base, and Optimism layer-2 networks thereon), Avalanche, and Stellar.