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Wyoming’s Mark Gordon says state should issue WYST stablecoin by July

  • 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.

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