Wyoming Stablecoin WYST Expected to Officially Launch on August 20
According to information published by The Block on June 21, the WYST stablecoin - a project developed by the Wyoming Stable Coin Committee under the sponsorship of the state government - is planned to be officially launched on August 20. This information was cited from the minutes of the committee's most recent periodic meeting.
Although the launch date has been set, there is currently no final decision on which blockchain WYST will be deployed on among the 11 blockchains being considered, including: Ethereum, Arbitrum, Optimism, Polygon, Avalanche, Base, Aptos, Sui, Sei, Solana, and Stellar. According to the disclosed plan, WYST - the first state-backed stablecoin in the United States - will likely not be limited to a single blockchain but instead will be issued on multiple platforms simultaneously to optimize ecosystem accessibility and compatibility.
The current deployment roadmap indicates that the development team will move WYST's smart contracts to a selected "candidate" chain. Subsequently, they will conduct a production testing phase by using a small budget from the organizational capital to purchase WYST and test the entire end-to-end operational process. This is the final preparation before the official announcement at the Wyoming Blockchain Symposium in August.
Previously, WYST had entered an important technical testing phase, with an announcement from the Wyoming Governor that the project could be launched on the Primary Network as early as July. However, according to the latest update, the launch date has been postponed to August 20 to ensure the system operates stably and is thoroughly tested before public release.
