Wyoming is on the brink of becoming the first U.S. state to issue its own stablecoin, the Wyoming Stable Token (WYST), expected to debut at the Wyoming Blockchain Symposium in August. Initially, WYST will not offer a yield, but there is strong support for future yield capabilities aimed at funding the state's school system. This initiative follows the passage of the GENIUS Act, which imposes restrictions on stablecoin transactions but may not apply to state-issued tokens like WYST. Wyoming lawmakers aim to ensure that WYST operates independently from federal control, upholding constitutional protections while addressing concerns about digital currency misuse. The state’s intent is to create a different model from central bank digital currencies (CBDCs) by backing WYST with U.S. Treasuries and resisting pressures to act as financial gatekeepers. The move has sparked discussions on maintaining financial sovereignty amid rising regulatory concerns about CBDCs and their implications for individual liberties.

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