#WYSTStablecoin

The Wyoming Stable Token Commission is preparing to launch WYST, a state-issued stablecoin pegged 1:1 to the U.S. dollar, by July 2025. WYST will be fully backed by cash, U.S. Treasuries, and repurchase agreements, ensuring its stability and reliability.

Currently, WYST is undergoing testing on multiple blockchain testnets, including Ethereum, Solana, and Avalanche, facilitated by the interoperability protocol LayerZero. The interest generated from WYST's reserves will be directed to Wyoming’s School Foundation Fund, highlighting the state's commitment to integrating blockchain innovation with public benefit.