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Wyoming Stablecoin: Are Stablecoins About to Kill Federalization? WYST Crypto Launch

  • 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.

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