Wyoming to launch state issued crypto stablecoin.

By Keith Thuerk | New to Crypto's? | 31 Mar 2025

I hinted at this release in January and its coming to fruition

Wyoming to launch state issued crypto stablecoin which will be known as WYST. Although Wyoming was the USA's 44th state (1890) Wyoming has sprinted out to the first in terms of issuing a state stablecoin. This will be the first fiat-backed and fully-reserved stable token issued by a US state. WYST is fully collateralized by cash and US Treasuries. LayerZero labs is the token issuer and is heavily in the testing across several blockchains for functionality and interoperability. The WY stablecoin has entered testing phase. If all the testing goes as designed the Wyoming will launch their WYST as soon as July 2025.

Additionally, Grayscale Files for Spot Avalanche ETF on Nasdaq

Last week Grayscale filed a 19b-4 proposal for a Spot AVAX ETF. Recall, Grayscale has a Top Tier fee program of 2.5% when compared to Mutual funds their 1-2% feel paltry. Perhaps, the new offering will allow Grayscale some wiggle room to lower fee's? The fee alone would be pause for concern for me. But I am not thee!

Grayscale's ETF plans include

The ETF would directly hold AVAX.

Who else is looking at an AVAX ETF? VanEck has already filed their S-1 form for an AVAX ETF

With all this institutional interest one could assume that AVAX prices would be going up? Nope its correlated to market movements just like all the others. It was only up 0.50% in the past 7-days at the time of this writing.