The Wyoming Stable Token Commission is that -shortlist Aptos and SEI for the Stablecoin Pilot program, which provides the highest aptos score to more than 10 blockchains considered for the upcoming WYST project.
Aptos announced on Friday that he received the highest score based on the commission’s network test, which scored 32 points. Solana received a similar score of 32 points, even though it was not selected for the pilot phase.
Meanwhile, Sei scored 30 points, leading Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others.
Network tests review metrics such as transactions per second, fee and end of the transaction, as reported by X User Phillip, associated with the SEI project.
Wyst is the Stablecoin supported by the state of Wyoming, who is peg in the US dollar and built in collaboration with Layerzero. News of its development Appeared in 2023, a few months after the Wyoming Stable token Act was passed.
Wyoming is launching a stablecoin to generate state income by achieving interest in reserves held in the short period of US Treasury Bonds. The initiative also aims to promote financial change and improve transparency.
In March, Wyoming Governor Mark Gordon Temptation that the new stablecoin can be launched in July.
Related: Wyoming Commission floats if Stablecoin is ‘covered’ by the SEC policies
The US Senate passes the Stablecoin Bill
Wyoming embraced digital assets and stablecoins, in particular, long before it became fashionable to do so. Following the US President Donald Trump’s election, the US government Engraved the approach to the pro-cryptolooking to implement market structure and Stablecoin law.
Stablecoin law has taken a basic step forward as The Senate passed the Genius Act On a 68-30 vote on Tuesday, another obstacle was cleared of its path to become a law.
“When the law of the genius is law, the businesses of all sizes, and Americans across the country will be able to organize payments that are almost instantaneous instead of waiting for days or sometimes even weeks,” said Tennessee Senator Bill Hagerty, who sponsored the law.
America’s Stablecoin Push has caught the attention of Fortune 500 companies, whose leaders are increasingly viewing these assets dollars as a viable business opportunity.
Related: The Genius Act can be part of StableCoins ‘infrastructure’
