This decision promotes the institutional adoption of blockchain technology, with expected impacts on liquidity and innovation in the cryptocurrency sector.
●▪︎ A bold step from Wyoming
The Wyoming committee has recognized the Aptos and Solana platforms as the primary platforms for the WYST stablecoin project. This choice represents a pioneering effort to deploy a government-backed digital currency within the United States. The project, announced on June 20, 2025, supports the LayerZero platform to ensure its compatibility across multiple blockchain chains.
The committee confirmed that transaction speed and network compliance are critical factors. Aptos, led by Mo Shaikh and Avery Ching, and Solana, led by Anatoly Yakovenko and Raj Gokal, are known for their scalability. The two platforms will facilitate cross-chain interoperability through LayerZero, which could significantly alter liquidity and transaction flows. The state is expected to see a notable increase in revenue from the benefits of U.S. Treasury bonds, with compliance enhanced by solutions like Chainalysis. Aptos reported that the monthly transaction value of stablecoins exceeded $30 billion, indicating significant economic activity.
