The Wyoming stablecoin WYST is set to launch on the Mainnet on August 20, and will support multiple blockchains.

robot
Abstract generation in progress

According to a report from The Block on June 21, the Wyoming Stablecoin Committee announced in its latest monthly meeting that the state-supported WYST stablecoin is set to officially launch on the Mainnet on August 20. The committee has not yet determined which blockchains WYST will be deployed on, but has listed 11 candidate chains: Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui.

WYST is a stablecoin pegged to the US dollar, authorized for issuance by the 2023 Wyoming Stablecoin Act, and is one of many initiatives to establish the state's leadership in the Blockchain field. According to the updated timeline, the committee plans to migrate the WYST smart contract to a designated "candidate" Block and conduct production environment testing by "institutional fund purchases of a small amount of WYST" to ensure the end-to-end process operates smoothly, preparing for the planned public release coinciding with the Wyoming Blockchain Workshop in August.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)