Wyoming Selects Solana and Aptos for State Stablecoin Platform Launch

Highlights:

• Wyoming chose Solana and Aptos as top platforms for its state-backed stablecoin after a detailed evaluation.
• WYST will use LayerZero to launch as a multi-chain token with test deployments across eight blockchains.
• The commission is working with Fireblocks and Chainalysis to provide analytics and infrastructure support.

The Wyoming Stable Token Commission has chosen Solana and Aptos as the best two platforms to power its upcoming state-backed stablecoin. This choice was made after an extensive review that considered more than ten blockchain networks. The commission evaluated every platform on transaction speed, scalability, security, and total cost. According to the Blockchain Selection Working Group, both Solana and Aptos scored 32 points. The actual decision was reached in an official meeting of the commission in November.

The Wyoming Stable Token Commission has placed Aptos as the highest-scoring blockchain candidate for WYST—the first fiat-backed stablecoin issued by a U.S State—tying for 1st place with Solana.

WYST will be deployed using @LayerZero_Core. pic.twitter.com/CMUyRbs4Gq

— Aptos (@Aptos) June 20, 2025

Despite both Solana and Aptos scoring evenly, it was only Aptos that was chosen to go on to the pilot phase. Sei Network, which scored 30 points, was also chosen for testing. Other networks considered included Avalanche with 27 points, Ethereum with 26, Base with 25, and Algorand with 21. The commission had already voted in May to include Aptos and Sei as pilot candidates. In June, it added compatibility requirements with vendors such as Chainalysis and Fireblocks.

Following the announcement, Solana and Aptos have experienced mixed price reactions. Aptos is up by 1.92%, reaching $4.54. In addition, the trading volume is up 142.85% to $190 million. On the other hand, Solana’s SOL is down 4.93% to $140.55. These changes came as testnet activity increased across several blockchains involved in the project.

LayerZero Integration Supports Multi-Chain Deployment

The WYST stablecoin will launch using a multi-chain approach supported by LayerZero’s interoperability protocol. This strategy enables the token to operate across several blockchain networks from the beginning. WYST will use the Omnichain Fungible Token (OFT) standard developed by LayerZero. This standard allows the token to move between chains without the need for wrapping or bridging assets.

WYST test deployments are already running on eight blockchain testnets. The networks are undergoing performance and compatibility testing with LayerZero systems. The strategy will assist in making sure that WYST can operate effectively in any of the chosen platforms.

The commission is working with Fireblocks and Chainalysis to provide analytics and infrastructure support. These partnerships will help manage transactions and secure operations during the pilot and beyond. By using these tools, WYST will be able to deliver products through various networks and still be fast, safe, and traceable.

State Stablecoin Pilot to Begin Before the Wyoming Blockchain Symposium

Aptos and Sei will launch the pilot phase of the Wyoming Stablecoin. The commission itself will perform a live test by utilizing public funds to perform a small WYST transaction. This will enable the team to verify the functionality of all systems. It will also confirm whether the token delivers the intended results in the chosen platforms. The formal public reveal is planned to happen at the Wyoming Blockchain Symposium this August.

Prior to the event, the commission will reintroduce testnet contracts and test integration with LayerZero and Fireblocks. It will also make sure that all partner systems are up and running. In the meantime, other token projects are in the process of trademark applications.