Aptos Ranks As The Best Candidate For Wyoming State’s Stablecoin Roll Out Efforts

Aptos is getting noticed and could emerge as one of the winning blockchains as the stablecoin hype intensifies.

Wyoming state in the U.S is reportedly planning to roll out a stablecoin, and it is contemplating using Aptos for that endeavor.

A special commission dubbed the Wyoming Stable Token Commission was appointed to oversee the stablecoin plans in the state. The commission has been conducting an analysis to identify the best blockchain for the job.

Aptos reportedly scored the highest among the blockchain networks that were shortlisted based on a specific criterion. This included technical robustness and vendor support.

The network reportedly tied in first place with Solana after scoring 32 points. This means the meant that the final choice would be a toss-up between Aptos and Solana.

Wyoming on Track to Become the First State to Issue a Stablecoin

The announcement that Aptos topped the list of candidates also confirmed that Wyoming’s WYST rollout is on track to take place soon.

Its launch will be a landmark moment because Wyoming could become the first state to issue its own stablecoin.

If Aptos becomes the go-to network, then it would boost its credibility. Chances are that other states may also select the same blockchains for their stablecoin pursuits. But what does this mean for Aptos?

Being embraced heavily in the West would be a big milestone for the Aptos network. This could potentially encourage more adoption from institutions and industrial organizations.

From a growth perspective, WYST could add to Aptos’ stablecoin growth. The latter has been on an aggressive upward trajectory in the last 12 months, which resulted in a new ATH at $1.33 billion earlier this month.

Aptos stablecoin count has since retreated to about $1.24 billion. The network has also been experiencing robust DEX volumes, which underscore heavy adoption.

To put it into context, Aptos DEX volume in Q2 2025 has so far been much higher than its performance in Q4 2024. However, that growth has not been proportional to APT price action, suggesting that the surging DEX volumes did not translate to demand.

APT Price Action Recap

Will APT prospects improve if Wyoming selects Aptos for the WYST rollout? APT has been on an overall downtrend since December last year. On top of that, bullish suppression resulted in the loss of any gains that it had achieved since April.

APT exchanged hands at $4.28, defying broader market trends with a slight recovery. The press time price level also resulted in a retest of a strong support zone where it previously bounced back in August 2024 and April this year.

APT could turn out to be one of the more attractive coins in the next altcoin season, considering its heavy 71% discount from its December 2024 top.

There were some short-term bullish prospects from the long-term support retest. Those prospects were backed by a slight divergence observed between the price and its RSI.

What Aptos Needs to Bounce Back

However, APT’s RSI indicator was in oversold territory. The last time it bounced back from the same level.

This time, it appears to have some room for more potential downside before dipping its toes into the oversold zone.

Most of the sell pressure was likely due to its token inflation, which has been chipping away at investor confidence. Over 200 million APT tokens were added to the circulating supply, bringing the total circulating supply to over 641.5 million coins.

A win for Aptos would likely trigger a confidence boost among investors. It remains to be seen whether Wyoming’s stablecoin pursuits will tip the scales in favor of APT bulls in the coming days.

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