Wyoming's WYST stablecoin will launch on the Mainnet on August 20, expected to be the first state government-supported multi-chain stablecoin.

According to reports, the latest monthly meeting records of the Wyoming Stable Token Commission show that the commission plans to officially launch its WYST stablecoin’s Mainnet on August 20. WYST is a stablecoin pegged to the US dollar, authorized for issuance by the Wyoming Stable Token Act in 2023, aimed at solidifying the state’s leadership in the Blockchain space.

Currently, the organization has not yet finalized which of the 11 blockchains WYST will be deployed on, including Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui, but the first state-supported stablecoin is likely to choose to launch simultaneously on multiple blockchains.

This release may coincide with the introduction of the first national stablecoin bill, which U.S. President Donald Trump has previously expressed hope to sign before the end of summer. According to the latest timeline, the Wyoming Stable Token Committee will first migrate the WYST smart contract to a selected “candidate” Blockchain, and then conduct “production testing” by “using institutional funds to finance small WYST purchases and ensuring end-to-end processes are in place,” in preparation for the public release during the Wyoming Blockchain Seminar in August.