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Wyoming is making history as the first U.S. state to introduce a government-backed cryptocurrency. The Wyoming Stable Token (WYST) is a fiat-backed stablecoin set to launch by July 2025. The state has teamed up with LayerZero Core to ensure smooth issuance and deployment across multiple blockchain networks, including Solana. This move strengthens Wyoming’s position as a leader in crypto-friendly regulations, paving the way for broader blockchain adoption in the U.S.
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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Mar 27, 2025 06:28 UTC
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Wyoming to Launch First State-Backed Stablecoin by 2025
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