Wyoming’s Stable Token Commission Picks Aptos and Solana for WYST
Wyoming’s Stable Token Commission has selected Aptos and Solana as frontrunners for it’s state-backed stablecoin, WYST. After reviewing 11 candidates in April, the Commission narrowed down the list to these two leading networks.
Aptos is in a tie for first place with Solana. @Aptos announced this news on X on June 20,noting the use of @LayerZero_Core for WYST deployment.
Why Aptos and Solana stood out? Both meet Wyoming’s criteria: high throughput, fast finality, and strong vendor support.
- Aptos boasts a Block-STM engine enabling sub-second transaction finality and high scalability.
- Solana offers a single, shared state for lightning-fast, low-cost transactions.
Aptos, derived from Meta’s Diem project, uses Move—a programming language safeguarding financial transactions. its on-chain upgradability allows for seamless protocol changes, a key feature for a state-backed currency.
Solana has proven its high-performance architecture through years of real-world testing. It supports WYST test coins on its testnet and undergoes regular Commission reviews.
Wyoming seeks a stablecoin for various uses,from tax payments to treasury operations.Solana’s high throughput and growing institutional trust make it a strong candidate. aptos,backed by major tech firms,ensures regulatory compliance—an essential trait for a state-backed digital dollar.
