BenefitsWyoming has a unique, immediate, and global opportunity to enter this space with
a fully-reserved digital token that preserves price parity to the United States dollar. (so 1 Wyoming Stablecoin = 1 $)
By creating the first domestic stable token issued by the public sector, Wyoming can offer
significant benefits over privately-issued incumbents.
These include:
- *
Increased Transparency*
Disclosures shall be made in accordance with stringent reporting requirements for state agencies.
- *
Enhanced Stability of Reserves*
Reserves shall be invested exclusively in US treasury securities.
(100% backed up by US Treasury, so more stable than USDT which is backed up
76% by US treasury and 30% by whatever)
- *
Public Good*
Investment earnings generated over and above a 102% reserve shall be reinvested into Wyoming’s general fund, which provides capital for schools and other public initiatives.
(while Tether keep all they earnings for themselves)
https://stabletoken.notion.site/Procurement-95d69b3c57ff48018ccaecb1c2c47ff6Sometimes public is better than private...