Wyoming plans to launch its very own crypto in July

Wyoming says it will launch its own cryptocurrency by July, becoming the first state in the U. S. to issue a fiat-backed, fully-reserved stablecoin. The coin, named WYST, will be backed by cash, U. S. Treasuries, and repurchase agreements, and is required by law to maintain at least 102% in reserves. The information was reported during the […] source: https://www.cryptopolitan.com/wyoming-plans-launch-its-very-own-crypto/