#WYSTStablecoin

The state of Wyoming is steadily moving towards the launch of its state-backed stablecoin, known as "Wyoming Stablecoin" (WYST). The launch of WYST is expected in July 2025, and it will be cash-backed at a 1:1 ratio with the US dollar, with reserves including cash, US Treasury bonds, and repurchase agreements, with capital requirements reaching 102% to ensure stability and transparency.

Wyoming is partnering with LayerZero to issue WYST, enabling interoperability across various blockchain networks. Currently, the currency is being tested on experimental networks including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base.

This project demonstrates Wyoming's commitment to innovation in the digital currency space and could serve as a model for other states in the United States. As discussions continue around the regulation of digital currencies at the national level, the launch of WYST highlights the role of states in shaping the future of digital finance.

For more information and updates about WYST, you can visit the official website launched by the Wyoming Stablecoin Committee (STC), the body responsible for issuing and overseeing the currency.