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Wyoming Moves Closer to Debuting Its State-Backed Digital Asset on LayerZero by July

TheNewsCrypto LogoTheNewsCrypto5d ago

Wyoming Moves Closer to Debuting Its State-Backed Digital Asset on LayerZero by July - TheNewsCrypto

Quick Summary:

Wyoming is taking a step forward in the world of digital currency with the creation of the Wyoming Stable Token (WYST), setting itself up to be the first U.S.state to issue a fiat-backed stablecoin.

The Wyoming Stable Token Commission has initiated testing of WYST across multiple blockchain networks.

Besides, the interest accrued from these reserves is designated for the state’s school foundation fund.

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Wyoming Moves Closer to Debuting Its State-Backed Digital Asset on LayerZero by July - TheNewsCrypto (Picture 1)

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Article Details

Author / Journalist: Sarayu Krishna

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 05:51:06 (5 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27366468

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

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The story "Wyoming Moves Closer to Debuting Its State-Backed Digital Asset on LayerZero by July" has 296 words across 25 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Wyoming Moves Closer to Debuting Its State-Backed Digital Asset on LayerZero by July" was covered 5 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 15 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #27366468
  • URL: https://chronographically.beamstart.com/news/wyoming-moves-closer-to-debuting-17430661594265

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