Cheyenne, Wyoming – June 2025 — The state of Wyoming has selected Aptos as the best blockchain to launch its official digital currency, known as the Wyoming Stable Token (WYST). This decision was made by the Wyoming Stable Token Commission, a group created to manage the state’s stablecoin project.
Wyoming is known for its support of blockchain and cryptocurrency laws in the U.S. With this decision, it becomes the first official state to select a blockchain for a government-backed stablecoin.
What Is the Wyoming Stable Token (WYST)?
The Wyoming Stable Token is a digital version of the U.S. dollar. Each WYST token will be backed by real money or government bonds (like U.S. Treasuries). This means for every WYST in circulation, the state will keep real dollars or assets in reserve. The primary goal of the token is to provide people with a secure and convenient way to use digital money that’s trusted and managed by the state. Interest earned from the money kept in reserve will be used to support public schools in Wyoming.
How the Commission Chose the Blockchain
The Wyoming Stable Token Commission spent months studying different blockchains. They looked at essential things like:
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Speed and cost of transactions
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How many people already use the chain
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Security and safety
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How stablecoins like USDT and USDC work on the chain
They tested the WYST on many blockchains, including Ethereum, Solana, Polygon, Avalanche, and others. However, in the end, they concluded that Aptos was the best choice.
Why Aptos Was Picked
Aptos is a relatively new blockchain that was launched in 2022. It utilizes a specialized coding language called Move, which helps keep smart contracts safe and reliable. Aptos can process a very high number of transactions per second, making it both fast and cost-effective to use.
Here’s why Wyoming liked Aptos the most:
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It’s swift and low-cost, even when many people use it simultaneously.
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USDT and USDC are available natively on Aptos, eliminating the need for risky bridges.
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Major financial companies, such as Franklin Templeton, have already launched real-world financial products on Aptos.
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Security is strong, thanks to the Move programming system.
The commission said that Aptos had the best overall mix of performance, safety, and support for stablecoins.
Official Statement
Anthony Apollo, the executive director of the commission, said:
“Aptos showed us it can handle a digital dollar safely and efficiently. It’s ready for real-world use, and that’s why it’s our top choice.”
He added that this choice fits Wyoming’s goal of leading the way in innovative, modern financial technology.
WYST Will Launch on Aptos First
The Wyoming Stable Token will first be launched on the Aptos blockchain in July 2025. That will be the official start of the state’s stablecoin program. For now, the commission aims to focus on one blockchain to ensure everything works smoothly before expanding to others.
What Makes This Stablecoin Special?
A U.S. state government manages WYST, unlike private stablecoins like USDT or USDC.. That means it has:
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Stronger trust and transparency
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Full backing with real dollars or bonds
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Public smart contracts so anyone can check the system
This gives WYST a unique position in the digital currency world
Could Other States Follow?
Wyoming’s move might inspire other U.S. states—or even other countries—to create their digital stablecoins. By utilizing a robust and fast blockchain like Aptos, Wyoming is demonstrating that governments can effectively leverage public blockchain networks securely and intelligently.
What’s Next?
Here’s what to expect in the coming months:
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July 2025: WYST will go live on Aptos.
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Real-time testing: Users and developers will try the token and give feedback.
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Reserve audits: The state will share how much money it’s holding in reserve for the token.
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Possible expansion: If successful, WYST could launch on other chains.
The Wyoming commission will continue to monitor the system closely and make improvements as needed.
Final Thoughts
Wyoming’s choice of Aptos as the top blockchain shows that newer, high-performing blockchains can earn trust from governments. With strong technology, low fees, and real-world use cases, Aptos stood out from the crowd.
As WYST gets ready to launch, the world will be watching to see if a state-backed stablecoin can work well on a public blockchain. If it does, Wyoming may become a model for digital money in the future.