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Sei Network successfully selected as a WYST Candidate Blockchain to support the development of stablecoins backed by Wyoming fiat.
[Coin World][Sei Network: Selected as a WYST Candidate Blockchain by the Wyoming Stable Token Committee] The Layer 1 blockchain project Sei Network announced that it has been selected as a candidate blockchain for WYST by the Wyoming Stable Token Committee. WYST is a stablecoin launched by the state that is backed by fiat currency and will be deployed using LayerZero. The testnet is currently live, supporting blockchains including a certain trading platform chain, a certain blockchain, Ethereum, a certain L2 network, a certain L2 network, a certain L2 network, and a certain blockchain. This selection means that Sei Network will develop into a “currency blockchain”.