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August 16, 2024
CONTACT: Janelle Collins, Strategic Communications Director
[email protected]
*Governor Mark Gordon to Discuss Launch of First-Ever State-Issued, Fiat-Backed Stable Token at Wyoming Blockchain Symposium*
CHEYENNE, Wyo. – Governor Mark Gordon, chairman of the Wyoming Stable Token (WYST) Commission, [ [link removed] ] will speak at the Wyoming Blockchain Symposium [ [link removed] ] at 9 a.m. Wednesday, Aug. 21 at the Four Seasons in Jackson. In his talk, titled ""Inside the Cowboy Economy,"" Governor Gordon will discuss Wyoming’s innovative business environment and the state's Q1 2025 launch of the nation's first-ever state-issued, fiat-backed stable token.
Jackson-based Two Ocean Trust [ [link removed] ] CEO Joel Revill, who serves on the seven-member WYST Commission, will lead the onstage talk.
The symposium is hosted by SALT [ [link removed] ], a global investment platform connecting leading investors and entrepreneurs, in partnership with Kraken Digital Asset Exchange and the University of Wyoming Center for Blockchain and Digital Innovation.
“Over the last seven years, our legislature has passed more than 40 laws to create a regulatory environment conducive to innovation around this emerging technology,” Governor Gordon said. “States have a unique ability to issue stable tokens that can increase U.S. dollar hegemony and function as a public good.”
The Wyoming Stable Token will be backed by cash and U.S. Treasury securities and repurchase agreements held in reserve. According to the Wyoming Stable Tokens Act, interest income generated on the underlying securities will be used to diversify state revenue streams, with capital distributed to Wyoming’s school foundation program.
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*Date/Time:* Aug. 21, 9 a.m.
*Location: *Main Stage, Four Seasons, Jackson, Wyoming
*Livestream:* [link removed].
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