Wyoming is beginning its work on the state’s stablecoin, or, as it’s called officially, the “stable token” project.
The state is looking for someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.in February 2022, becoming law in March 2023. The act authorizes the issuance of a U.S.
dollar-pegged stablecoin redeemable for fiat held in an account by the state.According to the text of the law, the stable token commission is responsible, among others, for deciding the overall number of tokens to be issued, concluding the requirements for redemption, and selecting the financial institutions to manage the tokens.
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