As the official stablecoin of the state of Wyoming, WYST has chosen Aptos and Solana as its primary blockchain platforms while preparing for the mainnet launch on August 20.
Significant developments are taking place for the WYST stablecoin project, supported by the state of Wyoming and pegged to the US dollar. The Wyoming Stable Token Commission announced in its recent monthly meeting that it aims to launch the stablecoin’s mainnet on August 20. According to the commission's statement, WYST will operate on platforms including Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui.
Authorized in 2023 under the Wyoming Stable Token Law, WYST is a crucial part of the state’s goal to become a leader in the blockchain field and an attractive center for industry players. According to the latest information released by the commission, the selected blockchains must work in harmony with infrastructure providers like LayerZero integration and Fireblocks, which have been identified as critical criteria.
Flexibility Provided with Multi-Chain Plan
The WYST project aims for multi-chain distribution and intends to operate seamlessly across different blockchain platforms through the LayerZero protocol. The commission will reinstate WYST testnet contracts on candidate blockchains in the upcoming period to evaluate these integrations before the launch.
The project's testing phases will be conducted to ensure integration with analytical providers like Chainalysis and Fireblocks' 'unified architecture'. Additionally, among the commission's plans are trademark applications for new stablecoin projects named Frontier Stable Token (FRNT/iFRNT) and Wyoming Electronic Stable Token (WEST).
Stay tuned for new developments.