Wyoming selects Aptos and Sei for the WYST stablecoin pilot program.

robot
Abstract generation in progress

The Wyoming Stable Token Commission has selected Aptos and Sei for the WYST stablecoin pilot program, with Aptos scoring the highest (32), equal to Solana but Solana was not chosen. Sei scored 30 points, ranking above Avalanche (27), Ethereum (26), Base (25), and Algorand (21). The scores are based on metrics such as transactions per second, fees, and transaction confirmation speed.

WYST is a stablecoin backed by the state of Wyoming, pegged to the US dollar, and developed alongside LayerZero. The project aims to generate revenue for the state through interest from short-term US Treasury bonds while promoting financial innovation and transparency. Wyoming began developing the stablecoin after the Stable Token Act was passed in 2023. Governor Mark Gordon stated that the stablecoin could launch in July of this year.

Wyoming stablecoin committee honors Aptos as the highest-ranked blockchain

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)