Wyoming is set to launch its government-backed WYST stablecoin this summer and is choosing a blockchain partner from 11 finalists, including top names like Aptos, Solana, and Ethereum. Aptos and Sei have officially advanced to the final round, with a decision expected by July 17. The chosen blockchain will host the USD-backed WYST stablecoin using LayerZero interoperability for broad usability. This move could make WYST the first US state-backed stablecoin, a groundbreaking milestone in government crypto adoption amid some analyst concerns about the evaluation process.
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