#WYSTStablecoin

The #WYSTStablecoin refers to Wyoming's plan to launch its own fiat-backed stablecoin, the $WYST token, by July 2025. This makes Wyoming the first U.S. state to issue a government-backed cryptocurrency. The $WYST token will be fully backed by U.S. dollars and short-term treasuries, aiming to provide a state-issued, blockchain-native payment option with price stability and regulatory clarity12. This move is seen as a significant step in state-level crypto adoption and innovation, potentially setting a precedent for other states to follow1