Mars Finance News: According to an announcement by the Governor of Wyoming, the Wyoming Stablecoin Committee announced that its fiat-backed, fully reserved WYST stablecoin has entered the multi-chain testing phase, deployed on test networks such as Avalanche, Solana, Ethereum. WYST, issued by a public entity, is the first project of its kind in the United States, with testing expected to continue until the second quarter of 2025 and plans to officially launch in July. Collaborators include LayerZero and Stargate. WYST will be over-collateralized with cash and US Treasury bonds, with interest injected into the state education fund.
Wyoming's stablecoin WYST enters critical testing phase, governor says it's expected to go live in July
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