Aptos Named Top Performer for WYST Stablecoin Project
The Wyoming Stable Token Commission has officially named Aptos as the highest-scoring blockchain in its ongoing pilot evaluation for the WYST stablecoin, a U.S. dollar-pegged digital asset backed by the state of Wyoming.
Aptos received a top score of 32 points, based on network performance tests that assessed transactions per second (TPS), fees, and transaction finality.
Although Solana also scored 32 points, it was not selected for the pilot phase. The second blockchain moving forward is Sei, which scored 30 points, ahead of:
- Avalanche (27)
- Ethereum (26)
- Base (25)
- Algorand (21)
Wyoming’s WYST Stablecoin Initiative: A First in the U.S.
The WYST project is Wyoming’s state-backed stablecoin, created through the Wyoming Stable Token Act passed in 2023. Developed in collaboration with interoperability protocol LayerZero, WYST is pegged to the U.S. dollar and designed to:
- Generate state revenue by earning interest on short-term U.S. Treasury bonds
- Promote financial innovation and transparency
- Establish Wyoming as a leader in blockchain regulation and public finance digitization
Governor Mark Gordon previously indicated that the WYST stablecoin could go live as early as July 2025.
Why Aptos Was Chosen
The commission reportedly tested over 10 blockchain networks. Aptos stood out due to:
- High transaction throughput
- Low fees
- Fast finality
- Compatibility with WYST’s technical and regulatory goals
Although Solana matched Aptos in score, its exclusion from the pilot phase suggests strategic considerations beyond performance, possibly including governance, infrastructure compatibility, or integration readiness.
What’s Next for WYST
With Aptos and Sei selected for the pilot, Wyoming is entering the execution phase of its digital dollar initiative. If successful, the WYST stablecoin could:
- Serve as a model for other U.S. states exploring blockchain-based public finance tools
- Create a new revenue stream for the state treasury
- Support interoperable, low-cost, and transparent payments
Conclusion
Wyoming is poised to make history by launching the first U.S. state-backed stablecoin. With Aptos leading the charge, the project may help set new standards for public sector blockchain applications and advance the state’s role as a trailblazer in digital finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.