#WYSTStablecoin
Wyoming state is going to launch a stablecoin called WYST. It will be the first fiat-backed coin made by a public institution in the U.S and will be released in July, 2025. This is in line with President Trump's call to make USA the crypto Capital of the world.
WYST is being tested on Solana, Ethereum and Avalanche with blockchain interoperability firm LayerZero as a collaborator.
Stablecoins are blockchain-based coins with a fixed price tethered to the U.S. dollar. They are gaining popularity for payments and remittances and have a market cap of US $230 billion.
