#WYSTStablecoin I can understand that according to Odaily, the Wyoming Stablecoin Commission announced that its fully reserved and fiat-backed stablecoin WYST has entered the multichain testing phase. The stablecoin is being deployed on test networks, including Avalanche, Solana, and Ethereum. Issued by a public entity, WYST is the first project of its kind in the United States. The testing phase is expected to continue until the second quarter of 2025, with an official launch planned for July. Project collaborators include LayerZero and Stargate. WYST will be over-collateralized with cash and U.S. Treasury securities, with interest earnings directed to the state's education fund.
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