The Wyoming Secure Token Fee chosen Aptos and Sei as the highest candidates for its Wyoming stablecoin pilot program. Aptos acquired the very best analysis rating of 32 factors. Solana additionally scored 32 factors however was not chosen for the pilot. Sei adopted with 30 factors.
The fee assessed greater than 10 blockchains. Different scores included Avalanche with 27, Ethereum with 26, Base with 25, and Algorand with 21. The analysis measured community efficiency, together with transactions per second, transaction charges, and time to finality.
An X person named Phillip, who’s related to the Sei challenge, revealed particulars of the analysis. He posted that the Wyoming fee used efficiency exams to evaluate the blockchains earlier than shortlisting Aptos and Sei for the WYST program.
WYST Stablecoin Pegged to US Greenback and Backed by Bonds
The WYST challenge is Wyoming’s official state-backed stablecoin, pegged to the US greenback. It’s backed by short-duration US Treasury bonds. Wyoming handed the Secure Token Act in 2023 to create a authorized framework for the initiative.
LayerZero helps the state develop the WYST platform. The Wyoming stablecoin goals to function underneath authorities oversight whereas sustaining compatibility throughout blockchain methods.
In March 2025, Wyoming Governor Mark Gordon stated that the WYST stablecoin might launch by July. The assertion was a part of a broader announcement on state-level digital asset growth.
Regardless of Solana receiving the identical 32-point rating as Aptos, the fee solely chosen Aptos and Sei. The choice standards past the uncooked scores weren’t made public. The pilot section will check WYST on the chosen blockchains to evaluate sensible use circumstances.
GENIUS Act Clears Senate, Focuses on Stablecoin Regulation
The US Senate handed the GENIUS Act with a 68–30 vote on Tuesday. The invoice advances stablecoin laws by specializing in cost infrastructure and federal oversight. It’s a part of a broader federal method to digital belongings, particularly stablecoins.
Senator Invoice Hagerty from Tennessee, who sponsored the invoice, stated, “Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks.”
The regulation nonetheless requires approval from the Home of Representatives. If handed, it will set federal requirements for issuing stablecoins and outline how firms function underneath regulated buildings.
A current Coinbase survey discovered that 29% of Fortune 500 firm executives are already utilizing or exploring stablecoins. In 2024, solely 8% reported doing so. The rise displays rising curiosity in quicker and controlled digital cost choices.
Wyoming’s WYST will function individually from private-sector stablecoins. Nevertheless, it advantages from the broader push for regulated digital forex frameworks just like the GENIUS Act. The Wyoming stablecoin continues to advance underneath its authorized construction, with Aptos and Sei now main its technical deployment.