The state of Wyoming will launch its own stablecoin named WYST in July 2025. The token will be pegged to the US dollar and supported by cash, government bonds, and repurchase agreements. The state is collaborating with LayerZero, an interoperability protocol, to issue the WYST stablecoin. The plan includes a 102% legal capital requirement, meaning all WYST tokens must be fully backed by reserves. This announcement was made at the DC Blockchain Summit, where Wyoming Governor Mark Gordon outlined the state's role in the pilot project.