Wyoming Governor Mark Gordon announced that the state's proposed 'WYST' stablecoin may be launched by July.
The Wyoming Stable Token Commission has partnered with interoperability protocol LayerZero for the token launch.
The state introduced the 'Wyoming Stable Token Act' in February 2022, and it was signed into law in March 2023, allowing the development of a state-issued stablecoin.
Governor Gordon previously expressed a Q1 2025 launch target for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.