#WYSTStablecoin

Wyoming is gearing up to launch its own stablecoin, WYST, in July 2025. This stablecoin will be pegged to the US dollar and backed by cash, US Treasuries, and repurchase agreements ¹. The state has partnered with LayerZero to launch WYST, which will maintain a statutory requirement of no less than 102% capitalization.

Wyoming Governor Mark Gordon emphasized the state's commitment to transparency and innovation in the digital asset space. He also highlighted the potential benefits of WYST, including the ability to transmit dollar-denominated transactions of any value, anywhere in the world, nearly instantly, with significantly reduced fees compared to traditional ACH or wires.

The state is currently considering nine blockchains to host WYST, including Ethereum, Solana, and Polygon. A demo transaction of WYST has already been conducted between Ethereum and Avalanche testnets using Stargate, a third-party bridge powered by LayerZero