#WYSTStablecoin
Key Features of WYST:
Asset-Backed Stability: WYST will be fully backed by U.S. Treasuries, cash, and repurchase agreements, ensuring a capitalization requirement of at least 102%. This means each WYST token will be supported by approximately $1.02 in reserve assets.
Blockchain Integration: The token is undergoing testing on multiple blockchain platforms, including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base. This multi-chain approach aims to enhance interoperability and accessibility.
Economic Benefits: Interest income generated from the reserve assets is intended to diversify Wyoming's revenue streams, with proceeds allocated to fund education and infrastructure projects within the state