Wyoming stablecoin project, WYST crypto, is set to launch this summer as the first U.S. fully-reserved, fiat-backed stablecoin.
WYST, the Wyoming Stable Token, is a dollar-backed stablecoin with overcollateralization and reserves of at least 102% of tokens in circulation.
Wyoming plans to leverage WYST not just as a financial tool, but also for funding education and infrastructure through interest income from reserve assets.
By trialing WYST on major blockchain networks and employing cross-chain technology, Wyoming aims to set a new benchmark for stablecoin issuers and promote greater blockchain adoption.