Wyoming Has Announced Plans To Launch Its Stablecoin
Wyoming has announced plans to launch its WYST stablecoin this July, signaling a turning point for U.S. states interested in tokenizing their treasury holdings. LayerZero, an interoperability protocol, will handle the stablecoin’s issuance. The project aims to back WYST with cash, U.S. Treasury bonds, and repurchase agreements, ensuring a strong 102% reserve requirement. The goal […]
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