Wyoming, USA plans to launch WYST stablecoin main network on August 20
According to online reports, the latest monthly meeting minutes of the Wyoming Stability Coin Commission (a government-backed organization) show that the committee plans to officially launch its main network of WYST stablecoins on August 20. WYST is a stablecoin pegged to the U.S. dollar authorized by the Wyoming Stabilizing Tokens Act in 2023, aiming to consolidate the state's leadership in the blockchain space. Currently, the organization has not yet finalized which of the 11 blockchains WYST will be deployed on: Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar and Sui, but the first state-backed stablecoin is likely to choose to be released simultaneously on multiple blockchains.
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