Wyoming tests the first state stablecoin in the USA
The state of Wyoming has begun testing the WYST stablecoin, which will be the first state-backed token in the USA pegged to the dollar. This was announced at the DC Blockchain Summit on March 26, 2025. WYST, developed on the LayerZero framework, is being tested on the Ethereum, Solana, and Avalanche blockchains. The launch is scheduled for July 2025. The token will be backed by US Treasury bonds with a 102% reserve, ensuring stability. Governor Mark Gordon emphasized that the project will promote financial innovations and the development of the state. Experts believe that the success of WYST could inspire other states to undertake similar initiatives. Subscribe to learn more!
