Innovation and Financial Transformation
Promoting the Application of Blockchain Technology: Since 2018, Wyoming has passed more than 40 blockchain-related laws aimed at creating a 'digital asset-friendly state.' The launch of this stablecoin is a continuation of its blockchain strategy, attempting to enhance transaction efficiency and transparency through public blockchain technologies (such as Solana, Ethereum, etc.), while avoiding the privacy disputes that may arise from private networks.
Reshaping Payment and Financial Systems: Stablecoins can provide residents and businesses within the state with low-cost, fast payment methods. For example, the state government envisions that users could directly use WYST tokens for purchases in cafes, and even extend to cross-border transactions, promoting local economic development.
Economic and Financial Benefits
Diversification of Revenue Sources: The interest generated from the reserve assets of stablecoins (cash, U.S. Treasury bonds, reverse repurchase agreements) will be used to fund education and infrastructure projects, with expected annual revenues reaching millions of dollars. If promoted nationwide, the market value could exceed $100 million.
Support for Agriculture and Small Businesses: Governor Mark Gordon emphasizes that stablecoins can open up new markets for farmers, ranchers, and small businesses, reducing the friction costs of the traditional financial system.#币安合约将上线JELLYJELLY
