#WYSTStablecoin

The Wyoming Stable Token (WYST) is a forthcoming state-issued stablecoin from Wyoming, anticipated to launch in July 2025. Designed to be fully backed by U.S. dollars held in trust by the state, each WYST token will represent and be redeemable for one U.S. dollar.  

The Wyoming Stable Token Commission, established in March 2023, oversees the development and issuance of WYST. The commission comprises state officials and subject matter experts, including Governor Mark Gordon and Executive Director Anthony Apollo.  

To ensure transparency and stability, WYST will be over-collateralized, maintaining reserves exceeding the tokens issued. These reserves will consist of cash and U.S. Treasury securities, with interest earnings directed toward Wyoming’s School Foundation Fund. 

The state is collaborating with LayerZero Labs for the technical deployment of WYST, utilizing their Omnichain Fungible Token (OFT) Standard. This approach facilitates native issuance and interoperability across multiple blockchain networks. Currently, WYST is being tested on platforms including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base. 

This initiative positions Wyoming as a leader in blockchain regulation and digital asset innovation within the United States. By launching WYST, Wyoming aims to provide a secure, transparent, and low-cost digital payment option, while also generating interest income to support state education funding.