Wyoming Stable Token Act.

Wyoming's SF 127, the Wyoming Stable Token Act, creates a state-issued digital currency called "Wyoming stable tokens," backed 1:1 by U.S. dollars held in a state trust account. The bill establishes a Wyoming Stable Token Commission (governed by the governor, auditor, treasurer, and appointed experts) to oversee the tokens' issuance, management, and redemption. Key provisions require all funds from token sales to be invested solely in U.S. Treasury bills and held in trust to support immediate redemption at face value. The act directly affects token holders (who can redeem tokens for $1 USD) and financial institutions approved by the commission to manage the tokens.