Wyoming is preparing to introduce the Wyoming Stable Token (WYST), a state-backed stablecoin that aims to challenge the federal government's approach to central bank digital currencies (CBDCs). The token is backed by U.S. Treasuries, positioning it as a distinct alternative to other private stablecoins and potentially offering yields in the future. Wyoming State Senator Chris Rothfuss indicated that while the initial release might not include a yield, provisions to enable this feature are in place. Lawmakers stressed the importance of maintaining constitutional protections and resisting federal pressure to freeze or control transactions. With a pilot program currently underway, WYST is set to launch at the Wyoming Blockchain Symposium. This initiative reflects Wyoming's historical skepticism toward federal oversight and its ambition to foster a decentralized financial ecosystem, ultimately advocating for state sovereignty in digital finance matters.

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