Wyoming picks Aptos and Sei for stablecoin pilot
Sei gains 9% after being selected by Wyoming panel
The Wyoming Stable Token Commission has announced the results of its blockchain network testing for the launch of WYST, a USD-backed stablecoin.
After evaluating more than ten blockchains—including Aptos, Arbitrum, Avalanche, Base, Ethereum, Polygon, Optimism, Sei, Stellar, Solana, and Sui—the commission shortlisted two finalists: Aptos and Sei.
According to user Philip on X, who is affiliated with Sei, Sei earned 30 points—outscoring major competitors like Base (25), Sui (26), Avalanche (27), Ethereum (26), Algorand (21), and Ripple. The evaluation followed the commission’s official rubric, which included performance, user base, uptime, security, and infrastructure.
Loading...
“This is one of the first real government pilots leveraging public blockchain infrastructure and a clear sign that Sei is at the forefront of real-world adoption,” wrote Philip.
The fiat-backed WYST stablecoin is set to launch in July via LayerZero and will be issued using the Omnichain token interaction protocol.
Blockchain competition pushes Sei higher
Sei Network is a Layer 1 blockchain backed by Circle, Delphi Digital, Multicoin Capital, and Coinbase. It markets itself as the fastest EVM-compatible blockchain.
News of the Wyoming selection helped Sei surge 9% to $0.19. Its daily trading volume rose nearly 50% to $170 million, and its market cap exceeded $1 billion.
SEI price dynamics for 24 hours. Source: CoinMarketCap
While Sei publicly positioned itself as the winner, Aptos actually received the highest score—32 points. Nevertheless, Sei supporters argue it surpasses Aptos and Hedera on key metrics like TPS, fees, and transaction finality, projecting strong potential for future growth.
As we wrote, Sei Foundation considers acquisition of bankrupt 23andMe in bold crypto move
