#WYSTStablecoin
As the first state-backed stablecoin, #WYST will be fully backed by the US dollar, with reserves held in cash, US Treasuries, and reverse repurchase agreements ³. This robust backing is expected to provide stability and security for traders.
The implications of #WYST are significant, with potential benefits including:
- *Increased crypto adoption*: By introducing a state-backed stablecoin, Wyoming may encourage more people to explore the world of cryptocurrencies.
