#WYSTStablecoin

Wyoming is making history by launching its own stablecoin, WYST, in July 2025, making it the first U.S. state to issue a government-backed crypto ¹. This move marks a significant step in state-level crypto adoption and innovation.

*Key Features of WYST:*

- *Multichain Support*: WYST will be supported on multiple blockchains, including Ethereum, Solana, Avalanche, and others ¹.

- *Over-Collateralization*: The stablecoin will be over-collateralized with cash and US Treasuries to reduce the risk of de-pegging ¹.

- *Interest Benefits*: Interest from Treasuries will be deposited into Wyoming's school foundation fund ¹.

WYST will be pegged to the US dollar and backed by a mix of cash, US Treasury bonds, and repurchase agreements, with a statutory requirement of 102% capitalization ² ³. This means that all WYST tokens must be fully backed with reserves.

The state has partnered with LayerZero, an interoperability protocol, to issue the WYST stablecoin ² ³. Wyoming is evaluating nine blockchains to host the WYST stablecoin, including Ethereum, Solana, and Polygon ³.