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By July 2025, Wyoming will be the first U.S. state to have its own fiat-backed digital currency, the Wyoming Stable Token (WYST). Funded 100% by cash and U.S. Treasury securities, WYST aims to ensure price stability while operating on behalf of public funds such as the state’s school foundation. The move is the natural evolution for Wyoming’s progressive approach to blockchain policy, anchored by laws like the Wyoming Stable Token Act, which passed in 2023. 
Close Partnership With LayerZero
In 2022, the Wyoming Stable Token Committee, formed through the Wyoming Secretary of State, is creating the “Wyoming Stable Token” (WYST), leveraging cross-chain interoperability to enable arbitrary asset transfers across blockchains via the LayerZero protocol. The partnership was publicly announced on March 26, 2025, by Governor Mark Gordon and Commission Executive Director Anthony Apollo at the DC Blockchain Summit. WYST is currently being tested on popular blockchain testnets like Ethereum, Solana, and Avalanche per Apollo, which performs tests to secure efficient deployment across a number of networks.
Making Sure to Have Stability and Safety
Wyoming Stable Token (WYST) is 100% backed by cash and U.S. Treasury securities to maintain that price stability and mitigate risk for users. Any interest derived from these reserves will uniquely flow directly to Wyoming’s school foundation fund, which supports public education.
WYST is also, by design, overcollateralized — the total value of its reserves will always be greater than the total amount of tokens issued. This security is particularly important in government-backed digital assets, as it enhances trust and long-term value stability. Wyoming to Launch First State-Issued Stablecoin on LayerZero by July.
Wyoming Governor Gordon Shows the Way
Mark Gordon stresses Wyoming’s pioneering role on the blockchain public policy front with a view to the state’s many years of experience with digital asset regulatory issues and innovation.
“Our forward-leaning work on blockchain and digital asset legislation has positioned Wyoming as a model not only for other states, but for the federal government as well,”
He said at the DC Blockchain Summit. The legal regime in Wyoming has been core to its effort in attracting blockchain businesses and promoting regulatory clarity and has become a reference in national discussions on digital finance.
Cross-Chain Functionality
The Wyoming Stable Token Commission chose LayerZero’s Omnichain Fungible Token (OFT) standard for WYST to facilitate cross-chain functionality. This mechanism enables the stablecoin to transfer across different blockchains—including Ethereum, Solana, and Avalanche—without relying on centralized bridging solutions, which tend to be prone to security exploits.
With LayerZero’s decentralized messaging protocol, WYST provides both interoperability and reduced custodial risk. Yesterday, we successfully tested a transaction that saw WYST transferred from Ethereum to Avalanche through Stargate, a LayerZero-based bridge layer.
Spread the Legislation Basis and Future Plans
WYST was created following the legal and regulatory framework established by the Wyoming Stable Token Act in March 2023. Since then, state lawmakers have been working with the Wyoming Stable Token Commission to hone the smart contracts governing the stablecoin and to bolster risk management protocols to maximize security and compliance. This can address expectations from both state and federal levels in terms of digital asset issuance. If testing goes smoothly, WYST is slated for an official launch as early as July 2025.
You are Reading a News Article on Price Prediction
WYST is still in its testing stage, has not yet been formally released, does not possess any market value yet, and cannot be traded. Hence, until the token is well-known and trading on public exchanges, it is impossible to make accurate predictions or analyses of its price. Only once it enters circulation will analysts and investors be able to gauge WYST’s valuation, trading volume, and market behavior. An in-depth analysis comes after the launch, projected for July 2025.
Wyoming Writes the Book on State-Issued Digital Currency
The Wyoming Stable Token (WYST) will launch later this year and is a clear signal of the state’s determination to drive responsible financial innovation and digital asset leadership. Funded by cash and U.S. Treasury securities, WYST has been made in collaboration with LayerZero and is a proof-of-concept for secure, interoperable state-issued stablecoins. Wyoming hopes to offer a regulatory framework that can be used by other U.S. states exploring similar initiatives in public digital finance.
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FAQs
1. Discover the Wyoming Stable Token (WYST)
Wyoming’s stablecoin, known as “WYST,” is supported by cash and U.S. Treasuries on a 1:1 basis.
2. What are the benefits of WYST for Wyoming residents?
WYST’s reserves and the interest earned support the state’s school foundation fund, ensuring long-term educational funding while encouraging responsible adoption of digital assets.
3. On which blockchains will WYST operate?
WYST uses LayerZero’s protocol for cross-chain functionality between Ethereum, Solana, Avalanche, and potentially more networks, allowing for transfers between networks without risk of a central bridge being compromised.
4. When can I start trading WYST?
Pending successful final evaluations, WYST will be tradable after its official launch, which is estimated to be by July 2025; WYST is currently in testing.
Glossary of Key Terms
1. Stablecoin
A type of cryptocurrency (which is pegged to a stable asset such as USD or U.S. Treasuries) that aims to maintain a stable value. WYST is a fiat-collateralized stablecoin.
2. Fiat-Backed
They refer to digital assets backed by a currency of the government or a traditional financial instrument. WYST is collateralized by cash and U.S. Treasury securities to provide price stability.
3. Overcollateralization
When reserves are greater than the total value of tokens issued. During market stress, WYST uses this model to guarantee that users can redeem tokens.
4. LayerZero
A protocol that allows for cross-blockchain decentralized communication. This system enables WYST to move respectively from one network to the other securely without any centralized bridge.
5. Omnichain Fungible Token (OFT)
LayerZero token standard, enabling a single asset like WYST to exist and move between many chains.
6. Testnet
Testnet. A blockchain testing environment [like test flight]. WYST is currently undergoing testing on various testnets, including Ethereum, Solana, and Avalanche.
7. Decentralized Bridge
A way to move an asset from one blockchain to another without the need for a central trusted third party to hold on to the asset. WYST leverages over Stargate — a decentralized bridge powered by LayerZero.
8. Digital Asset Legislation
Legislation and regulation on digital currency and blockchain. Legislation Rep. Wyoming’s 2023 Stable Token Act and, of course, its ongoing work on its own digital currency are some of the leading edges of U.S. blockchain policy.
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