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- Aptos leads as a top candidate for WYST, the first stablecoin issued by a U.S. state.
- The Aptos-powered wallet at Expo 2025 processed 558,000+ transactions and gained 133,000 new users in one week.
One thing that may not have been widely imagined before: a state in the United States issuing its own stablecoin, and choosing a public blockchain as its backbone. The Wyoming Stable Token Commission (WSTC) has just placed Aptos at the top along with Solana as the main candidate for the WYST stablecoin network.
This is the first stablecoin backed by the US dollar and issued directly by the state government. Its launch is scheduled for August 20, 2025, coinciding with the Wyoming Blockchain Symposium.
ICYMI: Aptos continues to take center stage as the chain for stablecoins.@wyostable (The Wyoming Stable Token Commission) has identified Aptos as a 1st place blockchain candidate for WYST, the first fiat-backed stablecoin issued by a U.S. State.
For all the latest ↓ https://t.co/bUVKtOmDac
— Aptos (@Aptos) June 23, 2025
Aptos and LayerZero: The Infrastructure Behind WYST’s Ambition
WYST itself will use a supporting model in the form of government bonds (US Treasuries), not speculative collateral. Interestingly, the LayerZero protocol has been prepared to make this stablecoin able to cross chains seamlessly. Aptos has succeeded in stealing attention because it has super low transaction fees—around $0.00055 per transaction—and finality speeds that can reach sub-second levels.
Just compare it with the traditional digital financial system which sometimes makes us wait for confirmation for up to five minutes, or even more.
From Expo Osaka to Code Disputes: A Busy Year in Web3
On the other hand, Aptos’s prominence in the WYST project is not the only big moment this year. In April, CNF reported that Aptos had become the official digital wallet provider at the Expo 2025 Osaka, Japan.
As a welcome to the new era of digital tourism and culture, Expo visitors can collect NFT stamps from various country pavilions and artists they visit. Interestingly, these NFTs are in the form of soulbound tokens—meaning they cannot be sold or transferred, they truly belong only to the wallet owner.
In its first week alone, the Aptos wallet at this event has recorded more than 558,000 transactions and added 133,000 new accounts to the network. This number is enough to make other blockchain projects that are still struggling to gain organic users jealous. It makes sense that the Aptos community is increasingly confident in welcoming WYST.
However, that doesn’t mean Aptos doesn’t have challenges. The community has also previously discussed the sustainability of the token ecosystem. At the end of April, a member named MoonSheisty proposed a nearly 50% cut in Aptos token staking rewards. He argued that too high incentives could encourage massive token locking, but instead limit user interest in other features such as restaking.
Further back, in February, Aptos accused the startup Monad of plagiarizing their open-source code. Although this accusation was directly denied by the founder of Monad, who claimed to have never accessed Aptos’ code, the tension had made the community atmosphere somewhat heated. Meanwhile, as of the writing time, APT has swapped hands at about $4.01, up 4.70% over the last 12 hours.
