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Wyoming plans to launch a state-supported stablecoin WYST in July to enhance Money Laundering monitoring.
The Wyoming Stablecoin Committee announced a partnership with Inca Digital to provide money laundering monitoring and risk management services for the upcoming state-supported stablecoin WYST. According to the Wyoming Stablecoin Act passed in 2023, WYST will be fully backed by U.S. Treasury securities, cash, and repurchase agreements, and is planned to officially launch in July 2025. (The Block)