#JELLYJELLYFuturesAlert The Wyoming Stable Token (WYST) is a pioneering initiative by the state of Wyoming to introduce the first state-issued, fiat-backed stablecoin in the United States. Established under the Wyoming Stable Token Act of March 2023, the Wyoming Stable Token Commission oversees its development and issuance. WYST is designed to be a digital representation of the U.S. dollar, fully backed by reserves including U.S. Treasuries and cash, maintaining a capitalization of at least 102% to ensure stability. The token is being tested on multiple blockchain platforms, such as Ethereum, Solana, and Avalanche, with a targeted launch in July 2025. Interest generated from WYST’s reserve assets is intended to support Wyoming’s education and infrastructure projects.