Wyoming Set to Launch State-Issued Stablecoin WYST
Wyoming is making history as the first U.S. state to launch its own stablecoin, Wyoming Stable Token (WYST), by July 2025. The token will be fully backed by U.S. Treasury reserves and operate across multiple blockchains, including Ethereum, Solana, and Avalanche, with LayerZero enabling interoperability.
The project aims to generate revenue for Wyoming’s School Foundation Fund through interest on reserves. Currently in testing, WYST is set to provide a regulated, state-backed digital currency, positioning Wyoming as a leader in blockchain innovation.
