Stablecoin WYST could launch on up to 11 blockchains in August

• WYST mainnet launch scheduled for August 20
• State-owned stablecoin can operate on up to 11 blockchains
• Wyoming advances as regulatory hub for stablecoins

The Wyoming Stable Token Commission has set August 20 as the target date for the mainnet launch of WYST, its US dollar-pegged stablecoin. The decision was made during the entity’s monthly meeting, which is responsible for overseeing the development of the state-backed digital currency approved by the Wyoming Stable Token Act of 2023.

The first state-backed stablecoin in the US isn't coming from New York or DC.

It's coming from Wyoming.
And it could be the biggest government experiment onchain.

In 2023, Wyoming passed the Stable Token Act, creating a government-led commission to launch a USD-pegged… pic.twitter.com/DbuJ9HabdR

— Mars_DeFi (@Mars_DeFi) June 21, 2025

Although the date has already been set, it has not yet been decided on which blockchain the stablecoin will be launched. The group is considering eleven options: Ethereum, Solana, Arbitrum, Avalanche, Base, Optimism, Polygon, Sei, Stellar, Aptos, and Sui. According to the committee, it is possible for WYST to be deployed simultaneously on more than one network.

The final decision on the blockchain will depend on technical criteria and compatibility with vendors such as Chainalysis, a blockchain analytics specialist, and Fireblocks, a digital asset infrastructure provider. Integration with LayerZero’s architecture will also be tested to ensure interoperability between networks.

No official schedule , the commission plans to migrate smart contracts to candidate blockchains and conduct tests in a production environment. These tests will include a token purchase of WYST funded with the agency’s own resources, with the aim of validating end-to-end operation before public launch.

The stablecoin’s unveiling could coincide with the Wyoming Blockchain Symposium, also scheduled for August, where an official announcement is expected. The occasion could also coincide with the signing of the first federal stablecoin bill, as indicated by former President Donald Trump.

In addition to WYST, the commission is working on registering other stablecoin-related trademarks, such as “Frontier Stable Token” (FRNT/iFRNT) and “Wyoming Electronic Stable Token” (WEST), signaling a coordinated move by the state to expand its presence in the crypto sector.