"Sei Selected as Final Candidate for Official Wyoming Stablecoin Platform in the US… SEI Surges 15%"

A report stated that the Sei (SEI) network has been chosen as a final candidate for the first official stablecoin platform issued by the US state of Wyoming, spurring a sharp price increase.

According to CryptoEconomy.com, a media outlet specializing in digital assets (cryptocurrency), on the 20th (local time), the Wyoming Stable Token Committee selected Sei and Aptos as the final candidates for the WYST stablecoin platform. WYST is a state-issued, dollar-pegged stablecoin that Wyoming plans to launch, guaranteeing 1:1 value with the US dollar like a digital dollar, and is expected to be used for payments and remittances.

The publication reported that following this announcement, the SEI price surged approximately 15% from $0.18 to $0.21. Not only trading volume but also open interest (OI) in the derivatives market saw a significant increase.

Open interest refers to contracts in derivatives markets such as futures and options that have not yet been settled. An increase in open interest indicates that capital is flowing into the market.

Meanwhile, Wyoming is reported to be planning to launch WYST next month. The committee had reviewed several blockchains, including Ethereum, Solana, and Avalanche, but ultimately narrowed the finalists to Sei and Aptos. Going forward, Sei and Aptos will undergo a security audit, stress testing, and real transaction trials ahead of the final decision.

At 21:10 on this day, SEI was trading at $0.2104 on the Binance USDT market, up 13% from the previous day.