The executive director of the Wyoming Stable Token Commission, Anthony Apollo, said a “real-time, traceable ecosystem is exponentially better” than the current system.
The executive director of the Wyoming Stable Token Commission says the impending launch of its fully backed and compliant stablecoin could lay the groundwork for the State Treasurer’s Office to run on blockchain.
“I certainly think so. I think there is a need for transparency across government spending,” executive director Anthony Apollo told Cointelegraph, echoing Elon Musk’s call for the US federal Treasury to be put on the blockchain.
Apollo said the existing WyOpen digital platform highlighted the state’s willingness to embrace financial transparency:
“I think that’s a great starting point. But I do think having a real-time, traceable ecosystem is exponentially better,” he said.
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