Wyoming to Launch $WYST Stablecoin Around July 4 With Inca Digital AML Partnership
By: defi news|2025/05/14 20:30:08
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Wyoming is preparing to launch $WYST, the first fully reserved, fiat-backed stablecoin issued by a U.S. public entity. The stablecoin will be backed by U.S. Treasuries, cash, and repurchase agreements. The Wyoming Stable Token Commission has partnered with Inca Digital to provide anti-money laundering surveillance and risk management for the stablecoin. The launch is targeted around the July 4, 2025 timeframe. Separately, Kyrgyzstan is considering making USDKG, a gold-backed stablecoin pegged to the U.S. dollar, legal tender within three months as a Big Four audit begins.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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