Avalanche🔺 (@avax): The Wyoming Stable Token Commission announced plans to launch WYST, the first fiat-backed stable token issued by a U.S. State.

The Wyoming Stable Token Commission announced plans to launch WYST, the first fiat-backed stable token issued by a U.S. State. WYST will be deployed on Avalanche and 6 other chains via @LayerZero_Core. 🔺doption x.com/LayerZero_Core… Quote [@LayerZero_Core](https://www.twitter.com/LayerZero_Core/status/1904978923387265421) > We’re honored to be chosen by Wyoming as the token issuance partner for WYST, the first fiat-backed and fully-reserved stablecoin issued by a public entity in the United States. > > There’s no clearer signal of where finance is heading than a U.S. state putting the dollar onchain.