Wyoming stable token act.

Wyoming's SF 106 authorizes the state treasurer to issue "Wyoming stable tokens," a digital currency backed 1:1 by U.S. dollars held in a dedicated trust fund of Treasury bills. Token holders can redeem each token for exactly one U.S. dollar, with the state required to maintain at least 100% of all issued tokens' value in this reserve fund. The bill mandates annual reporting on the program's operation and explicitly states tokens are not state-insured or guaranteed beyond the reserve fund's value. This directly affects individuals and businesses holding these tokens, providing a state-backed digital currency option with clear redemption terms.