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Wyoming has shortlisted layer one blockchains Solana (SOL<\/a>) and Aptos (APT<\/a>) as the main candidates for running the state\u2019s proposed stable token idea.<\/p>\n The Wyoming Stable Token Commission (WYST) is a proposed virtual currency representative of and redeemable for one US dollar held in a trust by the state of Wyoming.<\/p>\n In a post<\/a> on the social media platform X, Aptos says that the state is looking to use either chain with Layer Zero infrastructure to deploy a potential stablecoin.<\/p>\n \u201cThe Wyoming Stable Token Commission has placed Aptos as the highest-scoring blockchain candidate for WYST \u2013 the first fiat-backed stablecoin issued by a US State\u00a0 \u2013\u00a0tying for 1st place with Solana.<\/em><\/p>\n WYST will be deployed using Layer Zero\u2026\u00a0<\/em><\/p>\n Aptos is making borderless, always-on finance a reality today with three native USD stablecoins & $30 billion+ in monthly stablecoin volume, supported by sub-second finality and near-zero transaction fees at [around] $0.00055.<\/em><\/p>\n Following the recent passing of the GENIUS Act to establish the first regulatory framework for stablecoins and Aptos pushing further as the chain for stablecoins, the future of finance is here on Aptos.\u201d<\/em><\/p>\n Last year, Wyoming Governor Mark Gordon said<\/a> he would push for the adoption of a \u201ctransparent\u201d stablecoin fully backed by the state\u2019s short-term Treasury holdings.<\/p>\n \u201cOne of the big things for me is to be able to bring back onshore a lot of our debt because if it\u2019s bought by treasuries and supported by Treasurys, it will help to stabilize that market to a degree\u2026<\/em><\/p>\n [What] is clear to me is that digital assets are going to have a future. The United States has to address this issue. Washington\u2019s being a little bit stodgy, which is why Wyoming, being a nimble and entrepreneurial state, can make a difference.\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Featured Image: Shutterstock\/Larich\/Sensvector<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Wyoming has shortlisted layer one blockchains Solana (SOL) and Aptos (APT) as the main candidates for running the state\u2019s proposed stable token idea. The Wyoming Stable Token Commission (WYST) is a proposed virtual currency representative of and redeemable for one US dollar held in a trust by the state of Wyoming. In a post on […]<\/p>\n","protected":false},"author":2,"featured_media":369881,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-396043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=396043"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396043\/revisions"}],"predecessor-version":[{"id":396050,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396043\/revisions\/396050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/369881"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=396043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=396043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=396043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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