#WYSTSstablecoin

Wyoming is set to make history by launching the Wyoming Stable Token (WYST), the first state-issued stablecoin in the United States, with a targeted release in July 2025. 

Key Features of WYST:

• Full Backing: WYST will be fully backed by U.S. Treasuries, cash, and repurchase agreements, ensuring a minimum capitalization of 102%. This structure aims to provide stability and instill confidence among users. 

• Blockchain Interoperability: The stablecoin is being tested across multiple blockchain platforms, including Ethereum, Solana, and Avalanche. This cross-chain functionality is facilitated by LayerZero’s interoperability infrastructure, enhancing WYST’s versatility in the digital asset ecosystem. 

• Economic Benefits: Interest generated from the reserves backing WYST is earmarked to support Wyoming’s School Foundation Fund, demonstrating the state’s commitment to leveraging innovative financial tools for public benefit. 

Governor Mark Gordon announced this initiative at the DC Blockchain Summit, emphasizing Wyoming’s proactive approach to embracing blockchain technology and digital assets. 

By introducing WYST, Wyoming positions itself at the forefront of integrating state-backed digital currencies, potentially setting a precedent for other states exploring similar ventures.