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Wyoming stablecoin WYST selects Inca Digital as regulatory partner
According to the Gate.io News bot, The Block reports that the Wyoming Stablecoin Committee has established a partnership with Inca Digital, which will provide Money Laundering monitoring and Risk Management services for the state-backed stablecoin WYST.
The stablecoin project originates from the "Wyoming Stablecoin Act" passed in 2023. WYST will use U.S. Treasury securities, cash, and repurchase agreements as full reserve support. The stablecoin is scheduled to be officially issued in July 2025.