The stablecoin craze has directly burned to the state governments in the United States, and it is these public chain 🔥 $WYST that have benefited
The first public-sector (state government)-led stablecoin, $WYST, is expected to go live 🤝 on 8/20
@Aptos &@solana is currently the official preferred deployment platform 👀 for @wyostable, and @SeiNetwork is ranked third!
- $SOL: +0.7% for 7 days, current price 145
- $APT: 7 days + 9.3%, current price 4.8
- $SEI: 7 days + 53%, the current price is 0.27
💪 It seems that the lower the market capitalization, the greater the increase due to the impact of the policy!
⚠️ At the same time, among the 11 public chains selected for the WYST list this time, Aptos, Sei, and Sui are also @circle_ventures
investment list.
The public chain narrative will not die, just ✨ look at how the market funds are hyped up through the new narrative and maintain the sensitivity of information
Husbands and chains to dance again? 🥸
The next competitive bargaining chip in the crypto market is not what narrative category they are in, just as a public company that was once on the verge of bankruptcy can be reborn by building a Bitcoin reserve
Since most of the market participants are looking at the price and speaking, it actually means that the ecology that was laughed at and said to be terrible has a better chance of ushering in a greater rebound, which is what I have realized 😂 in the past few days
🔴 Sei: Founder scandal, team OTC selling, $SEI bottom 50%. 📈
⚫️ Aptos: Ecological inaction, founder substitution, $APT bottom 30%. 📈
The above two just caught up with this wave of WYST:
The narrative of the first state government in the United States to issue a stablecoin sprayed along with the coin
🟡 Movement: The team controversy, the founder stepped down, the OTC was insufficient, and the results did not continue after the news came out
One of the more exciting things at noon is the Hong Kong-based licensed cryptocurrency exchange $HSK and the soaring price of Guotai Junan
It can be seen that even the @xiaomucrypto, which has the highest level of attention in the second level, have followed suit, and the $HSK has just doubled from the bottom
What I want to say is: in fact, there is no need to follow the direction of current public opinion to criticize how bad each project or ecology is
You still have to keep your own judgment to be able to grasp these turning points
The news of the WYST stablecoin was sent about 4 days ago, which has taken several days to digest compared to the usual second-level news that only reacts in 3-5 seconds, and the $APT $SUI $SEI happens to be Circle's portfolio, which also rationalizes a lot of gains
That's why I never care about how much ETH fud is saying, because the fundamentals haven't diminished at all, and we just have to wait for the moment to return to glory
Until then, continuing to pay attention to the ecology is the best preparation we can do (look at the recent $SYRUP of silent ath, which happens to be specifically mentioned by the previous @day1globalpod to be concerned).
You can see that the above few are the L1 L2 narratives that were very popular in the last cycle, plus the recent @katana has also silently ended the deposit period, and the follow-up Polygon Army may come to another big one, but this time I didn't save money, it's 😅 a pity
What's next? Near has already started to put out the news
1️⃣ The deflationary proposal proposed by @hotdao_ is being held
→ reduce the maximum inflation rate from 5% to 2.5% (a 50% reduction)
→ goal is to burn approximately 0.1% of the total supply annually through transaction fees
→ Expected staking yield is set at 4.5%
2️⃣ Last night, @NEARProtocol official tweeted, quietly on Kaito...
I don't know if this wave of Near will make full use of the founder's advantages in the AI circle to keep up with the AI agent tide
3️⃣ On June 23, the official tweet released the new House of Stake (HoS) roadmap and said: Don't sleep on the AI Assistant
Simply share a few accounts that can be followed by the Near ecosystem @ilblackdragon @meta_pool @hotdao_ @BowenWang18 @AlexAuroraDev
The next step is to continue to pay attention to whether there is any movement in the data on the chain

$WYST schedule 🕛
It has taken more than two years 🤝 since March 2023

A total of 11 chains were selected for the $WYST public chain selection
👀 The highest scores are Aptos vs Solana
It has not yet been confirmed which chain $WYST will be issued on, and it is possible that it will be deployed on multiple chains at the same time.
The shortlist is known to contain: @Aptos @arbitrum @avax @base @ethereum @Optimism @0xPolygon @SeiNetwork @solana @StellarOrg @SuiNetwork
--------
At present, the official said that @Aptos and @solana are the preferred platforms, and both have the opportunity to become the core deployment objects in the future, and the first round of pilots will be participated by @Aptos and @SeiNetwork.
It is worth noting that @BNBCHAIN, as one of the deployment chains of @worldlibertyfi $USD 1, was not selected for the selection of $WYST, and the follow-up development of the coin research will continue to be tracked 💪
The !️ scoring criteria include performance, user group, confirmation time, security, etc. The score report is not fully disclosed, and only partial information is published.
$WYST Publishing Partners 👥
🌉 @LayerZero_Core : $WYST is expected to use the Omnichain Fungible Token (OFT) standard through @LayerZero_Core's cross-chain bridge technology.
🔶 Wallet: @FireblocksHQ
🔶 Reserve: @FTI_Global (Franklin Templeton Group)
🔶 Investment Management: Franklin Advisors
🔶 Managed Service: Fiduciary Trust
🔶 On-chain monitoring: @chainalysis Government Solutions
🔶 Financial Audit: The Network Firm
🔶 Internal Control: Ernst & Young (Ernst & Young)
📘 Further reading: WYST: The first state government in the United States to issue a stablecoin|Using LayerZero technology|Aptos, Sei priority pilot

14.11K
13
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.