Wyoming Unveils First US-State Issued Stablecoin: FRNT Breaks Ground

Wyoming has taken a major step towards shaping the future of digital asset regulation in the United States with the launch of its own stablecoin, FRNT. This innovative initiative marks the first time a U.S. state has issued its own coin backed by USD and short-term Treasury bills, setting it apart from many other existing stablecoins. The commission’s decision to deploy FRNT across seven blockchain ecosystems, including Ethereum, Solana, and Polygon, signifies a bold move towards expanding the potential of digital finance.