#WYSTStablecoin WYST — is a stablecoin that the state of Wyoming (USA) plans to launch by July 2025. This will be the first stablecoin issued by a government entity in the USA, backed by fiat currency (US dollars) and fully reserved. Currently, WYST is undergoing testing in the test networks of several blockchains, including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base. The technical implementation is handled by LayerZero Labs, using the Omnichain Fungible Token (OFT) standard, which allows the token to operate natively on different blockchains and move between them through the Stargate bridge. WYST reserves will consist of dollars and US Treasury bonds, and the interest from investments is planned to be directed to the state's educational fund.
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