Wyoming to Launch $WYST Stablecoin Around July 4 With Inca Digital AML Partnership

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

Source: The Defiant