Wyoming Launches First State-Backed Stablecoin: WYST

Wyoming is set to become a pioneer in the cryptocurrency market by launching its first state-backed stablecoin, WYST, in July 2025. This groundbreaking initiative marks a significant step towards a new era of digital asset regulation and finance in the US. Collaborating with Inca Digital, the Wyoming Stable Token Commission has launched the fully-reserved WYST stablecoin, backed by US Treasurys and cash. This move is expected to reshape the landscape for stablecoins nationwide, potentially influencing the regulatory approach to digital assets across the country.