INSUBCONTINENT EXCLUSIVE:
The Wyoming Stable Token Commission has shortlisted Aptos and Sei for its stablecoin pilot program, giving Aptos the highest score among the
more than 10 blockchains considered for its forthcoming WYST project.Aptos disclosed Friday that it received the highest marks based on the
Solana received an identical score of 32 points, though it was not selected for the pilot phase.Source: AptosSei, meanwhile, scored 30
points, ahead of Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others.The network tests evaluated metrics such as
transactions per second, fees and transaction finality, as reported by X user Phillip, who is associated with the Sei project.Source:
News of its development emerged in 2023, several months after the Wyoming Stable Token Act was passed.Wyoming is launching a stablecoin to
generate state revenue by earning interest on reserves held in short-duration US Treasury bonds
The initiative also aims to promote financial innovation and enhance transparency.In March, Wyoming Governor Mark Gordon teased that the new
assets and stablecoins, specifically, long before it became fashionable to do so
Following the election of US President Donald Trump, the US government has carved out a pro-crypto strategy, seeking to enact market
companies, whose leaders are increasingly viewing these dollar-pegged assets as a viable business opportunity.A recent Coinbase survey,
which polled 100 executives from the Fortune 500, found that roughly 29% are either using or exploring the utility of stablecoins, up from
