SEI Named Finalist for State-Backed Stablecoin: Crypto Jumps 15%

TL;DR Sei surged 15% after Wyoming’s Stable Token Commission shortlisted it (alongside Aptos) to host WYST, the state’s first fiat-backed stablecoin. Leveraging LayerZero’s Omnichain Fungible Token standard, the network’s high throughput and compliance-ready design clinched Wyoming’s endorsement. Riding 600k+ daily active addresses and 1. 5M transactions per day, the network enters a showdown with Aptos as source: https://crypto-economy.com/sei-named-finalist-for-state-backed-stablecoin-crypto-jumps-15/