The state of Wyoming just launched the first government issued stablecoin. It's an ERC-20 on Ethereum by default. It has an adapter to mint on Arbitrum, Solana, and others. There's also an ERC-4626 vault in the contracts that makes it yield bearing.

Aug 19, 2025 · 11:24 PM UTC

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site: stabletoken.wyo.gov/ twitter: @wyostable code: github.com/wyostable/frontie…
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@nic_carter how are they going to use the vault to make it yield bearing, isnt that not allowed with GENIUS?
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Sort replies: Relevant Recent Liked
Replying to @CupOJoseph
a "government-issued stablecoin" is a paradox governments hate decentralization the real question isn't the tech stack it's the on chain surveillance this enables
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stablecoin doesnt mean decentralized or private
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Replying to @CupOJoseph
That’s cool and all but what’re your thoughts on this? 👀
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Replying to @CupOJoseph
What's the collateral?
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Replying to @CupOJoseph
Wyoming leading the way with real yield innovation
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Replying to @CupOJoseph
Wyoming leading the way with innovative crypto adoption.
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Replying to @CupOJoseph
Wyoming稳定币太棒了
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Replying to @CupOJoseph
Wyoming leading the way with innovative crypto adoption
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Replying to @CupOJoseph
Wyoming稳定币太酷了
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Replying to @CupOJoseph
Wyoming leading the way with yield
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Replying to @CupOJoseph
this stablecoin boosts defi innovation everywhere
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Replying to @CupOJoseph
Yield-bearing ERC-4626 vaults are powerful, but could this create systemic risk if many users chase high yield in a government-backed stablecoin?
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Replying to @CupOJoseph
🔥 Momentum is here – @freedx went live and the $3.3M campaign is on. Plus $500 in prizes for video creators.
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