Wyoming is set to introduce the Wyoming Stable Token (WYST), a state-issued stablecoin that might later offer yield. Initially, WYST will be released without yield functionality, though it is under consideration for future implementation. This move comes amid increasing scrutiny over Central Bank Digital Currencies (CBDCs) and federal regulations imposed by the recently passed GENIUS Act, which mandates stablecoins to implement transaction blocking measures. Proponents in Wyoming are confident in asserting WYST's independence from certain federal regulations, aiming to bolster local autonomy over financial decisions. Notably, WYST is designed to be backed by U.S. Treasuries, differentiating it from typical CBDCs. Senator Chris Rothfuss emphasized the state’s commitment to constitutional protections, proposing WYST as a means to challenge federal overreach. The token is expected to debut at the Wyoming Blockchain Symposium next month, with testing already underway for real-time payments using a blockchain protocol.

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