Aptos Tops Wyoming Stablecoin Pilot Rankings amid Blockchain Race

- Aptos ranks highest in Wyoming's stablecoin pilot evaluation. - The stablecoin is set to launch by July 4, 2025. On June 20, 2025, AInvest reported that the Wyoming Stable Token Commission selected Aptos and Sei as finalists for its state-backed stablecoin pilot program, with Aptos achieving the highest evaluation score. Before selecting these top contenders, the commission had evaluated over 10 blockchains, including Ethereum, Solana, and Polygon. AInvest also noted that Aptos scored 32 points, surpassing Sei Network's 30 points. The commission's assessment criteria included infrastructure maturity, system uptime, user base strength, and transaction throughput, and based on this points-based assessment, the commission selected Aptos as the highest-ranking blockchain for the WYST pilot program. On May 30, 2025, the Wyoming Stable Token Commission updated its website, which now also lists other candidate blockchains, including Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Stellar, Solana, and Sui. For the WYST stablecoin development, the commission has partnered with LayerZero, which uses its Omnichain Fungible Token standard to ensure interoperability across multiple blockchains. While Governor Mark Gordon indicated in March 2025 that the WYST stablecoin might be ready for launch by July 2025, Wyoming Public Media reported in April 2025 that the target launch date is July 4, 2025. The WYST stablecoin will be backed by U.S. Treasuries, cash, and repurchase agreements, and Wyoming intends for interest from these reserves to benefit its school foundation fund. The Wyoming Stable Token Act, enacted in March 2023, authorized the commission to issue WYST. Additionally, the commission is considering recent SEC guidelines on "covered stablecoins" to clarify WYST's regulatory status. On the federal regulatory front, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on June 17, 2025, by a 68-30 vote. The National Law Review reported this passage on June 18, 2025, and Cointelegraph also reported on its passage on June 18. This bill, which aims to create a comprehensive federal framework for stablecoins, now moves to the House of Representatives. The White House supports advancing stablecoin legislation and aims for Congress to pass the bill before the August 2025 recess. Major corporations are showing growing interest in stablecoins. On June 11, 2025, Cointelegraph highlighted a Coinbase report which found that nearly 29% of surveyed Fortune 500 executives said their companies have plans for or are interested in stablecoins, a significant increase from 8% in 2024. Furthermore, on June 15, AInvest cited another Coinbase report indicating that 60% of Fortune 500 companies are building on-chain initiatives and noted a 67% year-over-year increase in the number of on-chain projects per company. As of 19:09 UTC on June 20, Aptos (APT) was trading at $4.288, with its 24-hour trading volume having decreased by 1.943%. Meanwhile, Sei (SEI) was trading at $0.197, and its 24-hour trading volume had increased by 4.427%.