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Solana (SOL) and Aptos (APT) Named As Top Candidates for Wyoming’s Proposed Stable Token Program – The Daily Hodl

23 June 2025
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Wyoming has shortlisted layer one blockchains Solana (SOL) and Aptos (APT) as the principle candidates for working the state’s proposed steady token concept.

The Wyoming Steady Token Fee (WYST) is a proposed digital foreign money consultant of and redeemable for one US greenback held in a belief by the state of Wyoming.

In a put up on the social media platform X, Aptos says that the state is wanting to make use of both chain with Layer Zero infrastructure to deploy a possible stablecoin.

“The Wyoming Steady Token Fee has positioned Aptos because the highest-scoring blockchain candidate for WYST – the primary fiat-backed stablecoin issued by a US State  – tying for 1st place with Solana.

WYST shall be deployed utilizing Layer Zero… 

Aptos is making borderless, always-on finance a actuality as we speak with three native USD stablecoins & $30 billion+ in month-to-month stablecoin quantity, supported by sub-second finality and near-zero transaction charges at [around] $0.00055.

Following the latest passing of the GENIUS Act to determine the primary regulatory framework for stablecoins and Aptos pushing additional because the chain for stablecoins, the way forward for finance is right here on Aptos.”

Final yr, Wyoming Governor Mark Gordon mentioned he would push for the adoption of a “clear” stablecoin totally backed by the state’s short-term Treasury holdings.

“One of many huge issues for me is to have the ability to convey again onshore numerous our debt as a result of if it’s purchased by treasuries and supported by Treasurys, it should assist to stabilize that market to a level…

[What] is obvious to me is that digital property are going to have a future. The US has to handle this problem. Washington’s being slightly bit stodgy, which is why Wyoming, being a nimble and entrepreneurial state, could make a distinction.”

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Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.

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Tags: APTAptoscandidatesDailyHodlnamedProgramproposedSOLSolanaStabletokenTopWyomings
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