menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Aptos and ...
source image

Coindoo

3w

read

158

img
dot

Image Credit: Coindoo

Aptos and Solana Tie as Top Blockchains for Wyoming’s WYST Stablecoin

  • Aptos and Solana both received the highest evaluation score of 32 points for Wyoming's WYST stablecoin project.
  • The stablecoin, named WYST (Wyoming Stable Token), will be issued using LayerZero's cross-chain protocol.
  • Agency resources reviewed candidate blockchains based on technical robustness and vendor support.
  • Three blockchains met the criteria, while one was disqualified over infrastructure concerns.
  • APT and Solana were selected as the top platforms for WYST's issuance and distribution.
  • The Q1 2025 evaluation by the commission focused on transparency and cross-agency collaboration.
  • The initiative marks the first official stablecoin backed by a state government in the U.S.
  • Deployment of WYST is set for later this year, aiming to showcase public-sector innovation with blockchain technology.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app