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

Twitter icon  •  Published há 3 dias on June 20, 2025  •  Hassan Maishera

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.

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

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. 

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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