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🟢 The stablecoin Wyoming Stable Token (WYST) is set to launch on August 20
🟢 According to 👈 #mansooralrhyb , The Block reported that the Wyoming Stablecoin Committee announced in its latest monthly meeting that the WYST stablecoin, backed by
🟢 the state, is officially scheduled to launch on the mainnet on August 20. The committee has not yet specified which blockchain networks WYST will be launched on, but it has listed 11 candidate chains: Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui.
🔵 WYST is a stablecoin pegged to the US dollar, authorized under the Wyoming Stable Token Act of 2023, and is one of several initiatives launched by the state to solidify its leadership in blockchain technology. According to the updated timeline, the committee plans to transfer
🔵 the WYST smart contract to a specified "candidate" blockchain, and conduct production environment testing through "institutional funds purchasing a small amount of WYST" to ensure the process runs smoothly, in preparation for the public release scheduled to coincide with the Wyoming Blockchain Symposium in August.
