#WYSTStablecoin #WYSTStablecoin

Wyoming launches WYST: The state stablecoin that challenges the financial status quo

Wyoming makes history by becoming the first state in the U.S. to issue its own stablecoin: WYST, scheduled for July 2025. Backed 102% by cash, Treasury bonds, and repos, this cryptocurrency aims to combine security and transparency, mitigating volatility risks.

Governor Mark Gordon emphasized that WYST will not only boost the rural economy by facilitating transactions for farmers but will also generate state revenue through interest from reserves, intended for education and infrastructure. The choice of blockchain (among Solana, Ethereum, and Polygon) adds anticipation: the selected network will gain institutional legitimacy.

In a context where states and private entities compete in the crypto ecosystem, Wyoming sets a precedent by merging decentralized innovation with conservative state backing. Will WYST be the model to follow for a new era of public finance? Only time will tell.