Wyoming unveils first state-issued stablecoin called WYST, set to launch in July

The State of Wyoming has officially begun testing its state-issued stablecoin, called the Wyoming Stable Token (WYST), across several blockchain networks. This is potentially the first fiat-backed and fully reserved stablecoin issued by a US public entity. source: https://cryptoslate.com/wyoming-unveils-first-state-issued-stablecoin-called-wyst-set-to-launch-in-july/