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Wyoming Stable Token Commission outlines vendor selection, test tokens and rules; flags reserve and taxonomy questions
Summary
The Wyoming Stable Token Commission reported vendor selections, live test tokens on multiple testnets and a near‑term rule timetable; staff highlighted a statutory 2% reserve buffer and raised taxonomy and permitted‑investment questions the legislature may wish to address.
Jackson — The Wyoming Stable Token Commission briefed the Select Committee on its procurement, rulemaking and pilot testing work and urged the legislature to consider technical and statutory clarifications before a full public launch.
Anthony Apollo, executive director of the commission, told the committee the commission has completed a multi‑stage procurement process and engaged key vendors: Layer 0 Labs as token‑issuance partner and Inca Digital for on‑chain open‑source intelligence; other negotiations were ongoing and expected to be completed in the coming days. The commission said it has launched unreserved test Wyoming stable tokens on multiple testnets and is registering Wyoming individuals and domiciled entities for alpha/pilot testing.
The commission reported rulemaking progress: reserves‑management rules had been posted to the Secretary of State’s website and a 45‑day public comment period is beginning; a separate token‑treatment rule that will specify mint/redemption, interdiction…
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