Wyoming has begun testing its state-issued stablecoin WYST across multiple blockchain networks. The stablecoin is over-collateralized with cash and U.S. Treasuries, and interest from reserves will support Wyoming’s School Foundation Fund. The State of Wyoming has officially launched the first state-affiliated stablecoin, the Wyoming Stable Token (WYST), on multiple blockchains. This is a major advancement, […]

A top Wells Fargo analyst says earnings at JPMorgan Chase (JPM) are set to soar as the stars align for America’s biggest bank. In a new interview on CNBC, Mike Mayo, managing director and head of US large-cap bank research at Wells Fargo Securities, says he expects JPMorgan to report higher than expected earnings for […]

Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The portal is aimed at reimbursing individuals who lost at least $100 due to the collapse of the Terra ecosystem in 2022.The move follows a Delaware court’s approval for Terraform Labs […]