Wyoming will issue the first state-level stablecoin in the United States in July

2025-05-13 22:24:31

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ChainCatcher news, according to CoinDesk, the Wyoming Stable Token Committee announced a partnership with data analytics company Inca Digital to jointly promote the issuance of the Wyoming Stable Token (WYST). This stablecoin is scheduled to officially launch in July 2025 and will become the first fiat-collateralized stablecoin issued by a state government in the United States, pegged 1:1 to the US dollar, with collateral assets including US Treasury bonds, cash, and repurchase agreements.

According to official disclosures, Inca Digital will provide market monitoring and risk analysis services for the project. Since 2018, Wyoming has passed 35 regulations related to the cryptocurrency industry, currently attracting over 3,000 tech companies to settle in the state. CoinGecko data shows that the current total market capitalization of global stablecoins is $245 billion.

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