The Wyoming Stable Token Commission has entered into a partnership with Inca Digital Federal LLC, selecting it as the data analytics provider for the development of the WYST stablecoin. This project aims to ensure the transparency and security of the token, with its launch scheduled for July 2025.
This is reported by Бізнес • Медіа
Inca Digital specializes in providing analytical services, including risk management solutions. Under the agreement, the company will be responsible for threat detection, market analysis, and monitoring market conditions.
“This collaboration will enhance the Commission’s ability to monitor and mitigate risks related to fraud, money laundering, and market anomalies, ensuring the safety and integrity of WYST for its users.”
The WYST stablecoin is positioned as the first token issued by a public organization in the United States. The asset will be pegged to the value of the US dollar and backed by fiat funds, repurchase agreements, and US Treasury bonds. The issuer will be the Wyoming Stable Token Commission, and the project’s goal is to “increase financial transparency and stimulate economic growth in the state.”
In March 2025, Wyoming Governor Mark Gordon announced that the stablecoin is undergoing pilot testing across seven blockchains, which is expected to conclude by July. Following this, WYST is likely to enter the market. Revenue generated from interest on WYST reserves will be directed towards infrastructure projects and supporting the education sector in the state.