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.

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