Wyoming to launch first state-issued stablecoin on LayerZero by July
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Wyoming is developing a state-issued stablecoin called Wyoming Stable Token (WYST), which will be fully backed by cash and U.S. Treasury securities. The token will be deployed across multiple blockchains using LayerZero's technology, with plans to launch by July 2025. The stablecoin aims to generate interest for the state's school foundation fund and demonstrate Wyoming's blockchain innovation leadership.
March 27, 2025 | 3:30 am
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LayerZero will provide the blockchain infrastructure for Wyoming's state-issued stablecoin, enabling cross-chain functionality and potentially increasing platform visibility.
Direct selection as the blockchain technology provider for a state-issued stablecoin represents a significant validation of LayerZero's technology and could attract more institutional interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90