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The Wyoming Stable Token Commission (the “Commission” or “STC”) was established in March 2023 with the passage of Senate Enrolled Act 85: Wyoming Stable Token Act, which authorizes the Commission to issue Wyoming Stable Tokens (”WYST”).
Key amendments to the Stable Token Act were passed during the 2024 Budget Session as Senate Enrolled Act 44: Wyoming Stable Token Act - amendments.
WYST is a proposed virtual currency representative of and redeemable for one (1) United States dollar held in trust by the state of Wyoming as provided by W.S. 40‑31‑106. Stable tokens shall only be issued in exchange for United States dollars.
As allowed under the enacting legislation, the Commission includes the Governor or the Governor's designee; the Auditor or the Auditor's designee; the Treasurer or the Treasurer's designee; and four additional subject matter experts: Flavia Naves, David Pope, Jeff Wallace, and Joel Revill. Anthony Apollo was appointed Executive Director of the Commission on September 18, 2023.
We appreciate your interest, and look forward to fortifying Wyoming’s position as a leader in digital assets.
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The Commission's Blockchain Selection Working Group completed its exercise to determine Candidate Blockchains for the initial launch of WYST. This selection was reviewed and approved by the Commission during a monthly meeting on November 20, 2024. The current in-scope networks are:
Solana, Sui, Ethereum (inclusive of Polygon, Arbitrum, Base, and Optimism layer-2 networks thereon), Avalanche, and Stellar.
Refer to the following materials for additional details that are current as of November 21, 2024:
Refer to the following materials for additional details that are current as of March 20, 2025:
NEW: Founders, foundation members, and developers may use the following form to request information or consideration per the Commission’s rolling qualifications, expected to begin upon promulgation of regular procurement rules.
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The Stable Token Commission typically meets on the third Thursday of every month. Meeting dates, times, and locations are tentative and subject to change. All meetings will allow for remote attendance and participation unless stated otherwise.
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March 20, 2025 @ 9:00m - 12:00Pm MT, at Wyoming Capitol Auditorium and remotely via Zoom link: https://us06web.zoom.us/j/88328839906
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