Wyoming to Launch Its Own Dollar-Backed Stablecoin in July

Wyoming is making crypto history by becoming the first U.S. state to launch its own stablecoin. The "Wyoming Stable Token" (WST), fully backed 1:1 by U.S. dollars, aims to modernize financial transactions and boost the local economy. Governor Mark Gordon says this move shows how crypto-friendly regulations can drive innovation. The token will be backed by a state trust fund holding only cash and U.S. Treasuries—setting a new standard for government-issued stablecoins.

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