Wyoming just dropped big news today and WYST Stablecoin’s in testing, aiming for a July launch, pegged to USD with Treasuries backing it. Meanwhile, Trump’s USD1 stablecoin hit the scene too. Got me thinking: what if we got WYST on Asset Hub?
This could be huge for the ecosystem. What would it take to achieve this?
just want to start the convo.
Previous US administration was fearful of a de-dolarization of global economy, pushed by emergent economies. 50% of global trade is paid in green notes with a “In god we trust” printed in them, and this gives the US a huge leverage over everything.
Looks to me that current de-dolarization ( in the stable coin front) is coming from the US itself (public and private actors). A stable coin issued by a US state with half a million of population, and its the 50 ( of 51) states in terms of GDP ?
Polkadot’s market cap is 7.42% of Wyomings economy size.
Food for though.