#WYSTStablecoin WYST Stablecoin is a stable digital currency that will be launched by the state of Wyoming, United States, in July 2025. This currency will be backed by reserves consisting of cash, government bonds, and repurchase agreements.¹
WYST Stablecoin is designed to enable faster and cheaper transactions compared to traditional banking methods. This currency is also expected to enhance efficiency and transparency in the financial system.²
The state of Wyoming has partnered with LayerZero, a blockchain interoperability company, to launch WYST Stablecoin. This currency is currently being tested on several blockchain networks, including Avalanche, Solana, and Ethereum.³
The launch of WYST Stablecoin is expected to pave the way for other states and financial institutions to adopt blockchain-based financial solutions.