Wyoming is set to introduce its own stablecoin, the Wyoming Stable Token (WYST), which aims to resist federal control and offer features not typically seen in similar currencies. While WYST will initially launch without a yield-generating feature, state lawmakers, particularly Chris Rothfuss, express intentions to enable yield capabilities in the future. The Wyoming Select Committee on Blockchain intends for the token to remain free from political or financial gatekeeping despite legislative pressures created by the recently passed GENIUS Act, which could affect stablecoin governance. The state is exploring methods to differentiate WYST from central bank digital currencies (CBDCs), emphasizing its backing with U.S. Treasuries and adhering to constitutional protections. While aimed at supporting Wyoming's education system, WYST projects a significant ideological departure from federal oversight, potentially leading to a new paradigm in state-backed digital currency use. The token is expected to debut during the Wyoming Blockchain Symposium in August, currently undergoing a pilot program with real-time payments to contractors.

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