#WYSTStablecoin Wyoming is preparing to launch the WYST, the first stablecoin issued by a state in the US, with a target date of July 2025. It is designed to be pegged 1:1 to the US dollar, backed by cash, US Treasury securities, and repurchase agreements, with a reserve requirement of at least 102% to ensure stability. The state's Stable Token Commission is currently testing the WYST on various blockchain testnets, including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base, using worthless tokens for now. They have partnered with LayerZero, a blockchain interoperability company, to make it work seamlessly across these networks.#WYSTStableco