The Sei network has made headlines as it was shortlisted by Wyoming’s Stable Token Commission for hosting WYST, the state’s first fiat-backed stablecoin. This endorsement has led to a spectacular price increase of 15% for Sei’s token. The network’s innovative use of LayerZero’s Omnichain Fungible Token standard highlights its capacity for high throughput and rigorous compliance. Witnessing over 600,000 daily active addresses, Sei’s momentum appears robust. The endorsement from state authorities not only boosts the credibility of Sei but also sets the stage for further developments in regulated digital finance. Stay informed as Sei aims to make waves in the future of stablecoins.