Wyoming is set to become the first U.S. state to issue its own stablecoin, the Wyoming Stable Token (WYST), aimed at mitigating central bank digital currency (CBDC) control. Initially, WYST will not offer yields, but plans are in discussion to enable this feature in the future, as it aims to support Wyoming’s school system. The issuance comes amid the recent passage of the GENIUS Act, which establishes the regulatory framework for stablecoins. Although critics express concerns about centralizing power through regulation, supporters like Senator Chris Rothfuss emphasize the potential for greater competition in the $280 billion stablecoin market, traditionally dominated by companies like Circle and Tether. WYST will be backed by U.S. Treasuries and is positioned as distinct from CBDCs, which may raise fears of government overreach. The token's launch is expected in August at the Wyoming Blockchain Symposium, with a pilot program already underway, evaluating its capability for real-time government payments using a blockchain protocol. As Wyoming navigates its unique relationship with federal entities, the state hopes to maintain its regulatory autonomy, avoiding the compliance risks faced by corporations

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