Sei Network's native token, SEI, surged 10% to approximately $0.20 after Wyoming announced it is considering Sei Network as a blockchain candidate for its upcoming fiat-backed stablecoin, WYST. The announcement on June 19, 2025, has spurred market interest, with SEI's trading volume rising by 56.22% in the past 24 hours. The Wyoming Stable Token Commission has listed Sei Network among potential blockchains for WYST, alongside Aptos, Ethereum, Solana, and Avalanche. Sei Network reportedly excels in transactions per second and finality, outperforming Ethereum and Avalanche. SEI's market capitalization now exceeds $1 billion, reflecting growing investor confidence. The final blockchain selection for WYST is yet to be announced.