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Wyoming’s WYST Stablecoin Pilot Picks Aptos and Solana as Top Blockchains
- Aptos and Solana topped Wyoming’s technical evaluation for the WYST stablecoin pilot.
- WYST stablecoin will use LayerZero for cross-chain operability from launch.
- The official launch of WYST tokens is expected after July testing phases.
- Wyoming Stable Token Commission identifies Aptos and Solana as top blockchain networks for WYST stablecoin.
- Commission shortlisted over 10 blockchains, including Ethereum, Avalanche, Base, Polygon, and Sei for the project.
- Aptos ranked highest, Solana and Sei also received high marks in technical assessments.
- Aptos and Solana both scored 32 points in the network testing phase.
- WYST stablecoin will launch as an Omnichain Fungible Token using LayerZero protocol.
- Test deployments are running on major public testnets like Aptos, Solana, Ethereum, Avalanche, and others.
- The commission's emphasis on real-world performance led to the selection of Solana and Aptos.
- US Senate's stablecoin bill approval boosts Wyoming's WYST project amidst stablecoin regulations.
- Wyoming aims to be the first state to issue and operate a government-backed stablecoin.
- No official WYST tokens are available for purchase yet; full deployment and partner selection by mid-July.
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