#WYSTStablecoin ### **Wyoming to Launch WYST Stablecoin in July with LayerZero**

Wyoming is set to launch its own **state-backed stablecoin, WYST,** in July, partnering with **LayerZero** as its issuance provider. The stablecoin will maintain its peg to the **US dollar** using **cash, Treasury bonds, and repurchase agreements** as collateral.

The state is evaluating **nine different blockchains** to host WYST, with **Ethereum, Solana, and Polygon** among the contenders. While Wyoming lawmakers recently resisted using state funds to buy Bitcoin, the stablecoin project operates independently from the state’s Bitcoin reserve plans.

### **A Milestone for Stablecoins in the U.S.**

Stablecoins have become a **hot topic in U.S. policy discussions,** especially after **former President Trump** highlighted their role in global dollar dominance. Now, Wyoming is taking a step forward with a **government-led stablecoin initiative.**

“We’re honored to be chosen by Wyoming as the token issuance partner for WYST, the first fiat-backed and fully-reserved stablecoin issued by a public entity in the United States. There’s no clearer signal of where finance is heading than a US state putting the dollar onchain,” **LayerZero stated on social media.**

### **Ironclad Reserves & Economic Benefits**

Governor **Mark Gordon** announced the initiative at the **DC Blockchain Summit,** though **Senator Cynthia Lummis**, a major crypto advocate, appears uninvolved.

Wyoming will implement a **strict 102% reserve requirement**, ensuring WYST is backed by **cash, U.S. Treasury bonds, and repurchase agreements.** The interest generated from these assets is expected to support **education, infrastructure, and other state initiatives.**

If successful, WYST could pave the way for more **state-backed stablecoins** and further integrate blockchain technology into public finance.