Wyoming just launched WYST (short for Wyoming Stable Token), the first state-issued US dollar-backed stablecoin, deployed across seven blockchains. This pioneering step aims to integrate blockchain tech into public finance, potentially reshaping state-level monetary systems.



Launched at the Wyoming Blockchain Symposium, it targets efficient payments and school funding, sidestepping federal CBDC debates.

Deployed on chains like Solana, Avalanche, and Aptos via LayerZero, WYST showcases interoperability. This broad rollout tests blockchain scalability for public use, hinting at wider adoption in government transactions.

#CryptoNews
TOKEN-3.02%
STEP-4.29%
PUBLIC-3.44%
SOL-6.38%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)