Wyoming Pioneers State-Issued Stablecoin WYST with LayerZero!
Wyoming is breaking ground with WYST, the first U.S. state-backed stablecoin, launching July 2025! ๐บ๐ธ๐ต
โ Key Details:
๐น Backed by USD: Pegged 1:1 to the dollar, with 102% reserves (cash, Treasuries, repos).
๐น Cross-Chain Ready:
Testing on 7 blockchains Ethereum , Solana , Avalanche , Base , Polygon , Arbitrum , Optimism.
๐น LayerZero Tech: Built on Omnichain Fungible Tokens (OFT) for seamless interoperability.
๐น Public Impact: Interest funds Wyomingโs School Foundation .
๐ Why It Matters:
Wyomingโs regulatory clarity + blockchain innovation could set a new standard for stablecoins. Watch this space!
Stay tuned for updates โ WYSTโs launch is just months away! โณ
