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Wyoming plans to launch a US-backed stablecoin, WYST, in July, marking a first for U.S. states.
Wyoming is set to launch the WYST stablecoin in July, making it the first US state to issue a digital token.
Backed by US Treasuries, cash, and repurchase agreements, the token will allow for cheaper, faster global transactions compared to traditional banking systems.
The move follows rising interest in stablecoins and comes as US lawmakers prepare to clarify cryptocurrency guidelines with the STABLE Act.
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Wyoming planea lanzar un Stablecoin respaldado por Estados Unidos, WYST, en julio, marcando la primera vez para los estados de Estados Unidos.