# Wyoming Planning to Issue Own Stablecoin This Summer

*Author: Bankless*
*Published: Mar 26, 2025*
*Source: https://www.bankless.com/fr/read/wyoming-planning-to-issue-own-stablecoin-this-summer*

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Wyoming is gearing up to launch the first US state-backed stablecoin, WYST, pegged to the dollar and backed by Treasury securities, aiming for global and decentralized finance use.

## **What’s the Scoop?**
- **Trailblazing Initiative**: Wyoming is set to launch the first public-sector fiat-backed, fully reserved stablecoin in the United States.
- **Unique Backing**: The stablecoin, WYST, will be pegged 1:1 to the US dollar and backed by US Treasury securities and repos, with a portion of earnings benefiting the state’s education fund.
- **International and DeFi Ambitions**: Wyoming's plan extends beyond domestic use to global markets and DeFi, aiming to position the state as a leader in blockchain-driven finance.
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