【Wyoming Stablecoin WYST Enters Critical Testing Phase, Governor Optimistic for July Launch】

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PANews March 27 news, according to an announcement by the Governor of Wyoming, the Wyoming Stablecoin Committee has announced that its fiat-backed, fully-reserved WYST stablecoin has entered the multi-chain testing phase, deployed on Avalanche, Solana, Ethereum, and other testnets. WYST is issued by a public entity and is the first project of its kind in the United States, with testing expected to last until the second quarter of 2025, planning for an official launch in July, with partners including LayerZero and Stargate. WYST will be over-collateralized with cash and U.S. Treasury securities, and the interest will be injected into the state education fund.

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