Wyoming to Launch First State-Backed Stablecoin by 2025

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.