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Wyoming unveils first state-issued stablecoin called WYST, set to launch in July – TON BOT

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Wyoming unveils first state-issued stablecoin called WYST, set to launch in July

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The State of Wyoming has started testing its state-issued stablecoin, the Wyoming Stable Token (WYST), on various blockchain networks. This is the first fiat-backed stablecoin issued by a US public entity. The stablecoin is designed to comply with statutory requirements and generate interest for Wyoming’s School Foundation Fund. Governor Mark Gordon highlighted Wyoming’s leadership in blockchain regulation and digital asset innovation. The stablecoin is being tested on different networks through LayerZero Labs’ technology infrastructure. The Wyoming Stable Token Commission is working on establishing a complete operational and compliance framework, with a public launch targeted for July 2025. The stablecoin aims to provide a digital public good with lower transaction fees than traditional systems. Wyoming residents and entities can register as alpha testers. The Commission has published smart contract addresses for public review and third-party integrations. Wyoming’s stablecoin issuance is part of broader national discussions on regulatory frameworks for digital dollars and stablecoins.

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