Wyoming to Launch U.S.'s First Public Entity-Backed Stablecoin in 2025

Published at 2025-09-02 15:01:32
Wyoming to Launch U.S.'s First Public Entity-Backed Stablecoin in 2025 – cover image

The Wyoming Stable Token Commission is preparing to launch the Wyoming Stable Token (WYST), the first fiat-backed, fully-reserved stablecoin issued by a public entity in the United States. Established under the Wyoming Stable Token Act in March 2023, this initiative is backed by a $5.8 million budget aimed at bringing WYST to market by mid-2025.

Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, confirmed active interest from more than 730 individuals and 360 organizations in the development of WYST. The stablecoin will be backed by interest-bearing U.S. Treasury securities, with all generated interest income benefitting the Wyoming School Foundation Program, ensuring that the project supports education funding in the state.

The team targets a testnet launch as early as March 2025, paving the way for domestic and international usage. Importantly, WYST is designed to be integrated with decentralized finance (DeFi) platforms, broadening the reach and utility of public-entity-backed stablecoins in global crypto markets.

For users looking to explore various crypto options, platforms like Bitlet.app offer innovative services including Crypto Installment plans, allowing you to buy cryptocurrencies now and pay over time. This makes diving into crypto more accessible and manageable for many.

Stay tuned as Wyoming sets a precedent with WYST, pioneering a new level of trust and backing in the stablecoin market.

StablecoinCryptoWyomingBlockchainDeFi
Share on:

Related news

Ripple and UC Berkeley Launch UDAX Accelerator to Scale XRP Ledger Startups

Ripple and UC Berkeley today unveiled UDAX, an accelerator for projects building on the XRP Ledger; nine startups completed the pilot and received technical mentorship and VC introductions. The program aims to deepen developer activity and drive real-world use cases for XRP Ledger technology.

RippleXRPUC BerkeleyStartupsBlockchainAccelerator
Published at 2026-01-17 22:45:05
Defiance Closes Ethereum ETF After Only Four Months

Miami-based Defiance ETFs announced Thursday it will close its Ethereum ETF after just four months on the market. The abrupt decision underscores mounting pressure in the competitive spot-ETH ETF landscape.

ETFCryptoMarketsEthereumDefiance
Published at 2026-01-17 18:15:09
Fed to Inject $55B in T-Bill Purchases, Boosting Crypto Market Optimism

The Federal Reserve will buy $55 billion in Treasury bills as it resumes expanding its balance sheet, fueling hopes that added liquidity could support a crypto market rally. Traders and analysts say the move may ease financial conditions and lift risk assets, including Bitcoin and Ethereum.

CryptoMarketsTreasury BillsFedLiquidity
Published at 2026-01-17 17:15:05
Sei Targets Mid-2026 to Complete Transition to EVM-Only Chain

Sei Network has announced a mid-2026 target to finish its shift to a fully EVM-only chain, the first concrete timeline since its plan to exit the Cosmos ecosystem was approved. The move is aimed at widening developer access and DeFi integrations for SEI.

EVMDeFiCosmosSEIEthereum
Published at 2026-01-17 16:00:06
Senators Push Back on Tim Scott’s Broad Crypto Bill

Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.

CryptoRegulationUS SenateTim ScottLegislation
Published at 2026-01-17 11:15:08

DeFi

All DeFi posts

Bitcoin

All Bitcoin posts

Blockchain

All Blockchain posts

ETF

All ETF posts

Stablecoins

All Stablecoins posts