Wyoming commission directs token funds to reserves and schools

The commission uses administration account money for operating costs, then the token reserve, savings, and public schools. These priorities apply to money in the Wyoming stable token administration account. After operating costs, money is transferred as needed to keep the liquidity account at two percent of outstanding token value. Savings are held under commission rules for future operating costs; only money remaining after those steps goes to public schools. The law directs quarterly transfers of money remaining after the listed priorities to the public school foundation program account.

The commission maintains a separate reserve and may use it to support token redemptions and cover losses from selling trust account assets. The reserve is held in the Wyoming stable token liquidity account. The reserve target is two percent of the notional value of all outstanding issued Wyoming stable tokens. Reserve money is not treated as part of the trust account.

The commission may accept grants and other contributions for deposit into program accounts. Contributions may come from federal grants or other sources. The commission must follow its rules when accepting the money. Money deposited into an account must follow that account's requirements.