Wyoming’s WYST Stablecoin Pilot Chooses Aptos and Solana as Leading Blockchain Platforms

Wyoming makes a power play in the stablecoin arena—betting big on Aptos and Solana for its WYST pilot.

Why these blockchains? Speed, scalability, and that sweet regulatory clarity Wyoming's known for. Forget 'wait-and-see'—this is a full-throttle endorsement.

Solana's high-throughput meets Aptos' Move language in a rare bipartisan tech handshake. Meanwhile, legacy finance still can't decide if stablecoins are 'the future' or 'too risky'—classic hedge behavior.

Closing thought: When a state famous for cattle and crypto-friendliness picks chains, maybe it's time Wall Street upgraded from fax machines.

• Aptos and Solana topped Wyoming’s technical evaluation for the WYST stablecoin pilot.
• WYST stablecoin will use LayerZero to ensure cross-chain operability from launch.
• No WYST tokens are for sale yet; official launch is expected after July testing phases.

The Wyoming Stable Token Commission has ranked Aptos and Solana as the top blockchain networks for the state’s WYST stablecoin. The announcement follows an extensive analysis that found over 10 blockchains, such as Ethereum, Avalanche, Base, Polygon and Sei, competed for a role in the project. 

The commission released the shortlist this week, highlighting Aptos as the highest-scoring network, while Sei and solana also received high marks in the technical assessments. The Wyoming Stable Token Commission, established under the Wyoming Stable Token Act, set out to identify the best blockchain infrastructure for the state’s stablecoin.

Aptos and Solana each earned 32 points in the network testing phase, which examined standards like transaction speed, network fees, and finality. Sei, another finalist, achieved 30 points, placing it just behind the top two contenders. The commission cited data from recent network tests and feedback from project partners as the basis for these rankings.

WYST Stablecoin Project Moves Forward With Multi-Chain Focus

The WYST stablecoin is a project in Wyoming that seeks to provide fast and cheap digital dollar transactions. The token will be launched as an Omnichain Fungible Token (OFT) using the LayerZero interoperability protocol, allowing WYST to operate across several blockchain ecosystems from the outset.

Test deployments are already running on major public testnets, including Aptos, Solana, Ethereum, Avalanche, Arbitrum, and others. This multi-chain approach seeks to ensure both scalability and ease of use for businesses and state agencies.

The commission’s selection process placed a strong emphasis on real-world performance. Both Solana and Aptos have sub-second transaction finality and very low transaction fees. Aptos currently processes over 30 billion in monthly stablecoin volume and natively supports various stablecoins tied to the U.S. dollar. Solana, a popular network in decentralized finance and payments, also indicates rapid speed and high throughput in the state’s tests.

LayerZero Labs will offer an interoperability infrastructure. According to the commission, this will allow seamless transfer of the WYST token across the accepted blockchains without the use of traditional asset bridges or wrapping techniques. Officials expect that this setup will increase efficiency and transparency for end users.

US Senate Stablecoin Bill Boosts Wyoming’s WYST Project

The WYST project comes as U.S. policymakers MOVE toward introducing stablecoin regulations. The recent approval of the GENIUS Act by the U.S. Senate is a step toward a countrywide regulatory approach to stablecoins. 

Senator Bill Hagerty, a sponsor of the legislation, emphasized that the new law will facilitate near-instant payments for businesses and consumers nationwide. The commission and project partners regard this legal clarity as a crucial foundation for Wyoming’s stablecoin ambitions.

Wyoming’s innovation has attracted interest from Fortune 500 executives. Furthermore, a Coinbase survey suggests that nearly 29% of major companies currently use or are exploring stablecoin technology. Moreover, the Wyoming Stable Token Commission has warned the public that no official WYST tokens are available for purchase yet. The official test tokens will still be limited to public testnets until the project’s full rollout.

The commission is expected to finalize its blockchain partner selection by mid-July, with full deployment of the WYST stablecoin aimed for later this summer. Wyoming could become the first U.S. state to successfully issue and operate a government-backed stablecoin, setting a precedent for public sector blockchain adoption nationwide.

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