US State Wyoming is Launching its Own Stablecoin Called WYST

Wyoming is planning to launch its own stablecoin in July, with LayerZero as the issuance partner. The WYST stablecoin will use cash, Treasury bonds, and repurchasing agreements to maintain its peg to the US dollar. The state is considering nine potential blockchains to host WYST. Recently, Wyoming’s fiscal conservatives balked at using state funds to buy Bitcoin source: https://beincrypto.com/wyoming-wyst-stablecoin-with-layerzero/