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U.S. State to Unveil Groundbreaking State-Backed Stablecoin This July
- Wyoming is set to introduce its own stablecoin, WYST, by July, in partnership with LayerZero.
- WYST will be fiat-backed and fully reserved, maintaining its peg to the US dollar.
- Wyoming is evaluating different blockchain platforms to host the stablecoin.
- The stablecoin project aims to fund public projects using capitalization from reserves.
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