**Sei Network’s SEI Token Surges 15% After Winning Spot in Wyoming’s Stablecoin Pilot**

*Sei outperforms Ethereum, Solana, and others to become a finalist for Wyoming’s state-backed stablecoin initiative, sparking a major price rally.*

**SEI Soars on Regulatory Milestone**

Sei Network’s native token, **SEI**, surged **15.6%** in the past 24 hours after the **Wyoming Stable Token Commission** announced that the **layer-1 blockchain** was selected as one of two finalists for the state’s **USD-backed stablecoin pilot**.

The price jump propelled SEI to **$0.21**, up from an intraday low of **$0.182**, as trading volume spiked **91%** to **$175 million**. The token’s market cap also crossed the **$1 billion** mark, signaling renewed investor confidence.

**Why Sei Beat Ethereum, Solana, and Other Competitors**

The Wyoming Stable Token Commission evaluated over **10 blockchains**, including **Ethereum, Solana, Arbitrum, and Polygon**, before narrowing the list to **Sei and Aptos**.

According to an insider breakdown shared on **X (formerly Twitter)**, Sei scored **30 points** in the final evaluation—higher than **Avalanche (27), Sui (26), Ethereum (26), and Base (25)**. The scoring criteria included **infrastructure maturity, uptime, user adoption, and transaction speed**.

**Wyoming’s Stablecoin Plan: A First for the U.S.**

Wyoming’s **WYST (Wyoming Stable Token)** initiative, which began testing in **March 2025**, could launch as early as **July**, making it the **first U.S. state-issued stablecoin**.

Governor **Mark Gordon** confirmed the timeline at the **DC Blockchain Summit**, stating:

> *“If you’re gonna do something, you should really do it in Wyoming, because we have a framework to do it.”*

The stablecoin will be **fully backed** by **U.S. Treasuries, cash, and repurchase agreements**, with a **minimum 102% reserve requirement** under state law.

**Sei’s DeFi Ecosystem Shows Strong Growth**

Sei’s **Total Value Locked (TVL)** has surged to **$1.07 billion**, with stablecoin market cap hitting