SEI has been chosen as the network backbone for Wyoming's inaugural state-issued stablecoin pilot, a significant step in the collaboration between blockchain firms and U.S. state entities. This decision by the Wyoming Stable Token Commission underscores the growing institutional confidence in blockchain technology and SEI's innovative revenue-sharing model. Key contributors to this ecosystem include Circle, which holds 6.25 million SEI tokens, and the Sei Research Initiative, which supports stablecoin yield distribution. Following the announcement, SEI's market influence surged by 91%, indicating strong market interest and the potential for broader institutional adoption.