Wyoming is poised to become the first U.S. state to launch its own stablecoin, the Wyoming Stable Token (WYST), which could potentially defy federal regulations. Although WYST will not initially offer a yield, support exists for enabling this feature in the future, aiming to fund the state’s school system. The introduction comes amid concerns surrounding the GENIUS Act, which mandates stablecoin issuers to develop procedures for transaction blocking and freezing. Supporters of WYST argue it differs from Central Bank Digital Currencies (CBDCs) as it is backed by U.S. Treasuries and has constitutional protections against arbitrary asset seizure. The token is set to launch during the Wyoming Blockchain Symposium in August on networks such as Ethereum, Solana, and Avalanche. The pilot program is already testing its capabilities for real-time payments using blockchain technology. The initiative underscores Wyoming’s intent to maintain a degree of financial sovereignty while navigating potential overreach from federal authorities.

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