The Wyoming Stable Token (WYST) is set to become the first state-issued stablecoin in the U.S., expected to debut in August 2025 at the Wyoming Blockchain Symposium. Initially, WYST will not bear interest, but there is potential for yield offerings later. This initiative comes amidst concerns about central bank digital currencies (CBDCs) and the possible financial control they could impose. Senator Chris Rothfuss emphasized WYST's goal to resist pressures for political or financial gatekeeping, asserting that Wyoming's sovereignty protects it from complying with federal requests that may conflict with individual rights. The stablecoin is backed by U.S. Treasuries, differentiating it from CBDCs, which could be created without specific backing. Support for a yield-bearing feature exists, with ongoing discussions on implementing it. The state aims not only to facilitate payments to contractors but also to foster a broader crypto ecosystem in a landscape that is navigating between state rights and federal oversight.

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