Wu Blockchain (@WuBlockchain): According to Bloomberg, Wyoming plans to launch its own cryptocurrency, the WYST token, by July 2025. It will be the first fiat-backed stablecoin issu…
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According to Bloomberg, Wyoming plans to launch its own cryptocurrency, the WYST token, by July 2025. It will be the first fiat-backed stablecoin issued by a U.S. entity. The token will be fully backed by U.S. Treasuries, cash, and repurchase agreements, with a capitalization requirement of at least 102%. The state is considering using blockchains like Solana, Ethereum, and Polygon to host the WYST token. bloomberg.com/news/articles/…