The Wyoming Stable Token Commission Selects Sei Network as a Candidate Blockchain for WYST

Cryptowisser · 2025-06-20T06:13:12+00:00

The Sei Network has been selected for Wyoming's WYST, the first state-issued fiat-backed stablecoin, leveraging its high-speed Layer 1 capabilities and LayerZero's interoperability for a unified blockchain ecosystem.

Cryptowisser

2025-06-20 06:13:12

Abstract generation in progress

On Thursday, the Sei team announced via X that the Wyoming Stable Token Commission has selected the Sei Network as a candidate blockchain for WYST. WYST is the first fiat-backed stablecoin issued by a U.S. state and will be deployed using LayerZero.

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is up 8.8% in the last 24 hours and is now trading at $0.2001 per coin

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $1.764, down 5.4% in the last 24 hours

TOKEN-3,63%

SEI4,38%

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