#WYST稳定币 1. Overview of WYST Stablecoin
The WYST stablecoin is a fiat-backed cryptocurrency planned to be launched by the government of Wyoming, aimed at providing a stable digital transaction medium. This stablecoin will be fully backed by U.S. Treasury bonds, cash, and repurchase agreements, maintaining at least a 102% capitalization requirement. Wyoming hopes that through this innovative financial tool, it can not only provide residents with convenient payment methods but also raise funds for infrastructure and education projects within the state.
2. Technical Details
1. Support Mechanism
The value stability of the WYST stablecoin will be achieved through adequate collateral. Specifically, each WYST stablecoin will be backed by at least $1.02 worth of U.S. Treasury bonds, cash, and repurchase agreements, ensuring minimal price fluctuations, thereby providing reliable value storage and transaction medium functions.
2. Blockchain Platforms
Wyoming is considering using various blockchain platforms to support the WYST stablecoin, including Solana, Ethereum, Polygon, etc. These platforms were selected for their high throughput, low transaction fees, and robust smart contract capabilities to meet the demands of large-scale stablecoin transactions.
