Wyoming is poised to launch its own stablecoin, the Wyoming Stable Token (WYST), which aims to provide an alternative to federally controlled central bank digital currencies (CBDCs). Although WYST will not offer a yield upon its debut, state officials, including Senator Chris Rothfuss, indicate plans to enable this feature in the future. The stablecoin is backed by U.S. Treasuries, distinguishing it from other cryptocurrencies. Concerns surrounding the regulations imposed by the recent GENIUS Act could hinder financial sovereignty, but Wyoming’s lawmakers believe their state-issued token can resist such pressures. They view the potential for yield generation as a means to fund education in the state. The WYST is currently in a pilot phase and is projected to launch in August during the Wyoming Blockchain Symposium. With the development of WYST, Wyoming's approach emphasizes local autonomy in a landscape increasingly influenced by Washington's regulatory frameworks.

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