The Wyoming Stable Token Commission, established by the state government, posted a vacancy for an executive director to lead the project.
The appointee will be charged with implementing it, including regulatory, accounting, and marketing matters.
It is envisaged that the state will issue stablecoins pegged to the US dollar at a 1:1 ratio. The proceeds from the issuance will be transferred to a trust account for subsequent investments in U.S. Treasury bills.
The commission is led by a board that includes the governor, the state auditor, and the head of the Department of Finance.
In September 2021, registered in Wyoming as DAO The American CryptoFed filed applications with the SEC for the registration and trading of algorithmic stablecoin Ducat and its related governance token Locke.
Earlier, the Federal Reserve Bank of San Francisco posted a vacancy for a ‘Senior Crypto Architect,’ who will be tasked with participating in the digital dollar project.