Solana and Aptos have been selected as the two primary blockchain platforms for deploying WYST, the official state-backed stablecoin of Wyoming. This decision marks a major step in U.S. state-level blockchain adoption, setting Wyoming apart as a digital asset trailblazer.
Wyoming Names Solana and Aptos for State Stablecoin Deployment
The Wyoming Stable Token Commission, Solana, and Aptos were rated the highest in an official assessment. The selection criteria concerned scalability, performance, price, and security. The commission adopted the decision during its November 20, 2024, meeting.
According to Aptos, the WYST stablecoin will be launched as a multi-chain asset. LayerZero will support interoperability using its Omnichain Fungible Token (OFT) standard. This setup allows WYST to be moved across supported chains without the need for wrapping or bridging assets.
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
Both Solana and Aptos are experiencing short-term market volatility. Solana price dropped to $137.57 while Aptos is at $4.25. These price changes occurred despite the positive institutional news.
Multi-Chain Testing Underway Using LayerZero
The WYST token is now live on several testnets. These include Ethereum, Arbitrum, Solana, Optimism, Avalanche, Base, Polygon, and Aptos. The Wyoming Commission confirmed that Sei Network was also considered.
LayerZero will provide cross-chain capabilities for WYST. The protocol’s infrastructure enables token movement across multiple networks with reduced complexity. The design aims to provide a smoother user experience and better security.
The Commission emphasized that test tokens are not for sale. Official distributions will be announced through the Wyoming government’s verified channels only.
Aptos and Solana Score Highest on Blockchain Evaluation
Aptos shared that its platform processes over $30 billion in stablecoin volume monthly. It supports three indigenous dollars-collateralized stablecoins and provides rapid and almost-instantaneous finality of transactions. Based on data obtained on the network, its transaction cost is less than 0.0006.
Solana is characterized by fast performance on the network and economical infrastructure. The site is very popular in NFTs and DeFi. These technical advantages positioned both Aptos and Solana as leaders during the selection process.
The Commission’s technical working group based its scores on performance benchmarks and cost-efficiency data from each blockchain. The final vote was unanimous.
Regulatory Clarity and Future Launch Plans
WYST’s launch coincides with growing stablecoin regulation in the United States. The recently passed GENIUS Act introduces a federal legal framework for dollar-backed stablecoins. This may help states like Wyoming advance compliant blockchain projects.
Aptos pointed to the GENIUS Act as a supportive regulatory foundation. Wyoming’s integration of public blockchain infrastructure signals a shift in U.S. crypto policy at the state level.
The WYST stablecoin is expected to go live in production by July 2025. The Commission plans to finish all technical tests before launch. Distribution details will be published through official state government platforms only.
