#WYSTStablecoin
WYST Stablecoin (Wyoming Stable Token)
The Wyoming Stable Token (WYST) is a forthcoming state-issued stablecoin from Wyoming, designed to maintain a 1:1 peg with the U.S. dollar. Each WYST token will be fully backed by cash and U.S. Treasury holdings held in trust by the state. (Source)
Development and Testing
WYST is being tested across multiple blockchain networks, including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base.
The goal is broad compatibility and accessibility within the digital asset ecosystem.
(Source)
Launch Timeline
Wyoming Governor Mark Gordon has indicated that WYST may officially launch by July 2025.
This would make it the first state-issued stablecoin in the U.S.
(Source)
Regulatory Framework
Managed by the Wyoming Stable Token Commission, created under the Wyoming Stable Token Act of 2023.
The commission consists of state officials and industry experts ensuring compliance and integrity.
(Source)
Public Benefit
Interest from WYST reserves will be allocated to Wyoming’s School Foundation Fund to support education.
(Source)
Caution Against Scams
WYST tokens are NOT available for purchase yet.
Any website or platform claiming to sell WYST now is fraudulent.
The Wyoming Stable Token Commission has issued warnings about scams.
