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flag Wyoming plans to launch a US-backed stablecoin, WYST, in July, marking a first for U.S. states.

flag Wyoming is set to launch the WYST stablecoin in July, making it the first US state to issue a digital token. flag Backed by US Treasuries, cash, and repurchase agreements, the token will allow for cheaper, faster global transactions compared to traditional banking systems. flag 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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