Wyoming is set to make history with the upcoming launch of its state-backed stablecoin, the Wyoming Stable Token (WYST), scheduled for July 2025. This initiative positions Wyoming as the first U.S. state to introduce a government-issued digital currency, reflecting its commitment to blockchain innovation. 
WYST will be fully backed by U.S. Treasuries, cash, and repurchase agreements, ensuring a stable and secure digital asset. The Wyoming Stable Token Commission (STC), established in March 2023, oversees this project, aiming to integrate WYST into public blockchains for widespread use.  
The state anticipates that WYST will generate new revenue streams through interest from reserve assets, which could fund education and infrastructure projects. This move underscores Wyoming’s dedication to embracing digital finance and pioneering state-level cryptocurrency initiatives.