#WYSTStablecoin #WYSTStablecoin The state of Wyoming is set to launch its own stablecoin, named WYST, in July 2025. This move will make it the first U.S. state to issue a fully dollar-backed stablecoin.

WYST is managed by the Wyoming Stable Token Commission, which collaborated with LayerZero, an interoperability protocol, to develop this digital currency. WYST will be tested across seven blockchain networks, including Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base, ensuring its compatibility with various systems.

WYST will be fully backed by U.S. Treasury bonds, cash, and repurchase agreements, with a minimum capital requirement of 102%. This setup aims to provide fast international transactions at lower costs compared to traditional systems like ACH or bank transfers.

The launch of WYST comes at a time of increasing interest in stablecoins, with reports of Fidelity testing its own stablecoin, reflecting the race towards developing digital assets.

Additionally, U.S. lawmakers are seeking to establish clearer guidelines for digital currencies, focusing on the regulation of stablecoins. Members of the House of Representatives have introduced the "Stablecoin Transparency and Accountability for a Better Ledger Economy Act" (STABLE Act), which is scheduled for discussion next week.