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Wyoming to Launch State-Issued Stablecoin WYST on August 20
Wyoming to Launch State-Issued Stablecoin WYST on August 20
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BTCCSquare news:
Wyoming is set to debut its first state-issued stablecoin, WYST, at the Wyoming Blockchain Symposium on August 20. The launch follows months of regulatory and technical preparations, with the Wyoming Stable Token Commission finalizing reserve management rules and smart contract deployments.
Authorized under the 2023 Wyoming Stable Token Act, WYST represents a bold MOVE by a U.S. state to enter the digital currency arena. Backed by cash, U.S. Treasuries, and repurchase agreements, it aims to serve as a trusted payment tool for businesses and residents, distinguishing itself from private stablecoins through public governance and compliance mechanisms.
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