The Wyoming Stable Token Commission has named Aptos as a top-scoring blockchain candidate for the launch of WYST, the United States’ first fiat-backed state-issued stablecoin.
Aptos shares the highest evaluation score—32 points—with Solana, positioning both platforms as leading contenders for the project’s deployment.
The WYST stablecoin, which stands for Wyoming Stable Token, will be issued using LayerZero’s cross-chain protocol to ensure interoperability. According to the official report from the commission’s April 17 meeting, agency resources reviewed candidate blockchains based on technical robustness and vendor support. While three blockchains passed the binary criteria, one was disqualified due to concerns over infrastructure strength.
APT and Solana emerged as the most technically sound platforms capable of supporting WYST’s secure issuance and distribution. The Commission’s Q1 2025 evaluation emphasized transparency and cross-agency collaboration, allowing teams to clarify any initial data discrepancies.
WYST marks a historic move for digital assets in the U.S., representing the first official stablecoin backed by a state government. With deployment scheduled for later this year, the initiative aims to set a precedent for public-sector innovation using blockchain technology.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/aptos-and-solana-tie-as-top-blockchains-for-wyomings-wyst-stablecoin/