Summary
- Wyoming, USA, announced plans to launch its own stablecoin, WYST, by July.
- The token is said to enhance security by applying a minimum reserve requirement of 102%.
- Wyoming is considering various blockchains such as Solana (SOL), Ethereum (ETH), and Polygon (POL).
According to WuBlockchain on the 26th (local time), Wyoming, USA, is reportedly planning to launch its own token, WYST, by July.
This is the first legal currency-based stablecoin issued by a U.S. institution. The token is fully backed by treasury bonds, cash, and Epurchase Agreements, with a minimum reserve requirement of 102%.
Wyoming is currently considering blockchains such as Solana (SOL), Ethereum (ETH), and Polygon (POL) for token hosting.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
