Wyoming is set to launch a stablecoin, the first fiat-backed token issued by a public entity in the U.S.The Wyoming Stable Token (WYST) is undergoing testing on various platforms, including Avalanche, Solana, and Ethereum.The Wyoming Governor, Mark Gordon, sees this initiative as positioning the state at the forefront of digital asset innovation.The formal launch of the Wyoming Stable Token is targeted for July 2025, pending ongoing trials and discussions with vendors.