๐ #WYSTStablecoin โ The Future of State-Backed Crypto? ๐
Wyoming is making history with its Wyoming Stable Token (WYST), the first U.S. state-backed stablecoin! ๐ฅ Currently in a multichain testing phase, WYST is being deployed on Ethereum, Solana, Avalanche, Polygon, and more. ๐
Unlike traditional stablecoins, WYST is fully backed by U.S. Treasuries, cash, and repurchase agreements, maintaining at least 102% capitalization for stability. The best part? Interest from reserves will support Wyomingโs education fund! ๐๐ฐ
The official launch is expected by July 2025, with blockchain giants LayerZero and Stargate ensuring seamless cross-chain functionality. ๐
Will WYST set a new standard for stablecoins? ๐ค Share your thoughts! ๐
