Wyoming selects Aptos and Sei for stablecoin pilot program, launching WYST stablecoin

From Cointelegraph

June 20, 2025 2:35 PM:

The Wyoming Stable Token Commission has selected Aptos and Sei for its stablecoin pilot program, with Aptos scoring the highest at 32 points. Solana also scored 32 points but was not chosen. Sei scored 30 points, beating out Avalanche, Ethereum, Base, and Algorand in network tests.

Wyoming is launching a state-backed stablecoin, WYST, pegged to the US dollar to generate state revenue by earning interest on reserves in short-duration US Treasury bonds. The stablecoin aims to promote financial innovation and transparency, with Governor Mark Gordon hinting at a July launch.

The US Senate passed the GENIUS Act in a 68–30 vote, advancing stablecoin legislation. Once enacted, businesses and Americans will be able to settle payments nearly instantaneously, per Tennessee Senator Bill Hagerty. Fortune 500 companies are increasingly interested in stablecoins, with 29% exploring their utility, up from 8% in 2024.

Read more at Cointelegraph: Wyoming Shortlists Aptos, Sei for WYST Stablecoin Pilot