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Gate Square New & Returning Creator Rewards are ongoing!
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Inca Digital will monitor the "first state stablecoin" in the USA.
The Wyoming state stablecoin commission has partnered with the analytics company Inca Digital to monitor transactions of the “first state stablecoin” WYST.
The asset launch is scheduled for July 2025.
WYST will become the first stablecoin in the USA backed by treasury bonds, cash, and REP agreements, issued by a government entity.
The Commission stated that the goal of the project is to strengthen the transparency of financial operations and position Wyoming as a leader in the regulation of digital assets.
Founded in 2019, Inca Digital will analyze WYST transactions in real time to identify suspicious activity, including money laundering and fraud.
“Collaboration with Inca Digital confirms our commitment to innovation and investor protection,” said Commission head Anthony Apollo.
The token is currently being tested in several blockchain networks. According to Apollo, WYST will allow for “almost instant transfers in dollars with minimal Commission.”
Let’s remind that in March 2024, the state legalized the activities of the DAO.
In February 2025, a bill on the bitcoin reserve was rejected in Wyoming.