Wyoming is considering Solana (SOL) and Aptos (APT) as potential blockchains to run the state’s proposed stable token concept.
The Wyoming Stable Token Commission (WYST) aims to introduce a virtual currency representing one US dollar held in trust by the state of Wyoming.
Aptos recently shared on X that Wyoming is exploring the use of either Solana or Aptos, along with Layer Zero infrastructure, for deploying a stablecoin.
“Aptos has been identified by the Wyoming Stable Token Commission as the top blockchain candidate for WYST – the first fiat-backed stablecoin issued by a US State, tying for first place with Solana.”
WYST will be implemented using Layer Zero technology…
Aptos is leading the way in borderless, always-on finance with three native USD stablecoins and over $30 billion in monthly stablecoin volume, offering sub-second finality and nearly zero transaction fees at approximately $0.00055.
Last year, Governor Mark Gordon expressed his support for a transparent stablecoin fully backed by Wyoming’s short-term Treasury assets.
“Bringing back a significant portion of our debt onshore by supporting it with Treasurys will help stabilize the market to some extent… The future of digital assets is clear, and the US must address this issue. Wyoming, as an agile and entrepreneurial state, can lead the way.”
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