Wyoming’s WYST stablecoin, backed by U.S. Treasuries and cash, is set to launch in July 2025 as a state-issued digital asset.
Inca Digital will provide critical market intelligence, fraud detection, and risk management tools to ensure WYST’s security and regulatory compliance.
The partnership with Inca Digital strengthens Wyoming’s position as a leader in digital asset innovation and public sector blockchain initiatives.
The Wyoming Stable Token Commission has entered a partnership with Inca Digital to implement advanced anti-money laundering surveillance and risk management for the upcoming Wyoming Stable Token (WYST), scheduled to launch in July 2025.
WYST to Be the First Publicly Issued, Fully-Backed Stablecoin
WYST will be "the first U.S. public-sector, fully-reserved fiat-backed stable token." The Commission is charged under the Wyoming Stable Token Act with issuing the digital asset that is entirely collateralized with U.S. Treasuries, cash, and repo agreements. The stable token is to be redeemable at the value of a U.S. dollar and is intended to provide high-performance, low-cost digital transactions.
The Commission’s objective is to use WYST to enhance financial transparency while contributing to economic growth in the state. As a fully-reserved digital dollar alternative, WYST positions Wyoming as a key player in the evolving digital asset space.
The token is currently undergoing testing on several blockchain testnets. Upon its public launch, WYST will allow users to transact globally with lower fees compared to traditional systems. The initiative is a part of Wyoming’s broader legislative framework designed to attract digital asset companies and support decentralized innovation.
Inca Digital to Deliver Oversight and Threat Detection
Inca Digital Federal LLC, a blockchain intelligence firm founded in 2019, will provide “actionable intelligence and real-time risk management solutions” to the Commission. Their services will include advanced analytics, cross-market monitoring, and fraud detection capabilities. These tools are expected to protect WYST users and ensure the system complies with regulatory expectations.
“Our partnership with Inca Digital marks a critical step in our commitment to transparency, security, and innovation,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. “By leveraging Inca’s industry-leading intelligence tools, we are reinforcing our promise to deliver a trustworthy digital asset for Wyoming and beyond.”
Inca Digital will assist the Commission in identifying market anomalies and mitigating threats. The collaboration reinforces the state’s goal of deploying a stablecoin that meets both operational and compliance standards.
“Wyoming is setting the standard for public sector digital assets,” said Adam Zarazinski, CEO of Inca Digital. “We are honored to support the Commission’s vision with our technology and expertise, helping to ensure WYST’s resilience against emerging threats and malicious actors.”
Wyoming Builds on Its Digital Asset Leadership
Wyoming established itself as a hub for digital asset innovation with a solid reputation, based on regulatory efforts that embrace blockchain businesses and decentralized entities. WYST expands on this with the introduction of a stable state-issued currency intended for public usage.
The launch of WYST is a first for the public sector in the area of digital finance. Under the Commission’s vigilance and with the watchful eyes of Inca Digital, the state is making the token meet high standards for trustworthiness and transparency.
As the release date approaches, Wyoming continues to expand its leadership role in regulated blockchain finance, aligning state-level governance with the future of digital transactions.
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