Oil-backed Stablecoin
I altered the original concept of the Gold Token paper from a singular gold depository to multiple tokens/depositories eight months ago. A small increase in complexity for a large gain in functionality, including cash equivalency without dollar dependency.
The "other depository" showed up this morning...
TX - SB2922
Relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty.
I figured somebody would come up with some commodity play, although I wasn't expecting oil.