Wyoming has Layer One Blockchains Solana (SOL) and APTOS (APT) as the most important candidates for performing the proposed stable token idea of the state.
The Wyoming Stable Token Commission (Wyst) is a proposed virtual currency distributor and must be exchanged for one US dollar that is kept in trust by the state of Wyoming.
In one after On the social media platform X, Airtos says that the state wants to use one of the two chains with Layer Zero Infrastructure to implement a potential stablecoin.
“The Wyoming Stable Token Commission has placed APTOS as the highest scoring blockchain candidate for Wyst-De first Fiat-Stunder Stablecoin published by a US State Die for 1st place with Solana Bond.
Wyst is implemented with Layer Zero …
APTOS today makes limitless, always a reality with three native USD Stablecoins & $ 30 billion+ in monthly Stablecoin volume, supported by Subsecond Finality and almost zero transaction costs [around] $ 0.00055.
After the recent approval of the Genius Act to set up the first regulating framework for stablecoins and aptos that push further as the chain for Stablecoins, the future of finance here on Atos is. “
Last year Wyoming-Gouverneur Mark Gordon said that he would insist on the approval of a “transparent” Stablecoin fully supported by the short-term of the state.
“One of the great things for me is to be able to return many of our debts, because if it is purchased by treasuries and supported by Treasurys, it will help to stabilize that market to a certain extent …
[What] It is clear to me that digital assets will have a future. The United States must tackle this problem. Washington is a bit Stodgy, which is why Wyoming, an agile and entrepreneurial state can make a difference. “
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Featured image: Shutterstock/Larich/Sensvector