Wyoming is set to launch the Wyoming Stablecoin (#WYST) by July 2025, making it the first U.S. state to issue a fiat-backed stablecoin.
Currently, WYST is being tested on several blockchains, including Avalanche, Solana, and Ethereum, in collaboration with the interoperability company LayerZero.
The coin aims to provide a state-regulated digital asset backed by fiat reserves held in the Wyoming treasury.
WYST will enable seamless transactions, leveraging LayerZero's interoperability framework to connect with over 70 networks.
