#WYSTStablecoin

Launch of WYST backed by U.S. Treasury securities

The WYST token will be fully backed by a combination of cash and U.S. Treasury securities, with reserves exceeding the total number of tokens issued.

This over-collateralization model is designed to maintain price stability and inspire public confidence.

Unlike algorithmic stablecoins that have failed in the past, WYST will hold assets that match or exceed the token supply at all times.

The interest earned on these reserves will be directly allocated to the Wyoming school foundation fund, creating a mechanism by which the adoption of stablecoins could directly benefit public services in the state.

The initiative is being managed by the Wyoming Stable Token Commission, established following the passage of the Wyoming Stable Token Act in March 2023.

This is a rare example of an American state pursuing its own stablecoin project under direct legislative authority.