Wyoming to Launch State-Backed Stablecoin WYST on August 20, 2025
Wyoming will launch its state-backed stablecoin, WYST, on August 20, 2025, announced the Wyoming Stable Token Commission. The launch will take place at the Wyoming Blockchain Symposium in Jackson.
WYST is designed as a stable digital currency, fully backed by a mix of US dollars, government securities, and repurchase agreements, ensuring a 1:1 peg with the US dollar. All interest earned from WYST reserves will be directed to the state's School Foundation Fund, according to Executive Director Anthony Apollo.
The token will be issued on multiple blockchains, including Solana and Aptos, with interoperability between them ensured through the LayerZero protocol.
This initiative is part of Wyoming’s broader strategy to strengthen its position as a crypto-friendly jurisdiction by adopting favorable regulations and technical partnerships with blockchain companies.
