Wyoming Launches First-of-Its-Kind Blockchain-Based Stablecoin

Wyoming has made history by launching the Frontier Stable Token (FRNT), a state-backed blockchain stablecoin, marking the first of its kind in the U.S. This initiative is backed by U.S. dollars and Treasurys and offers secure transactions on major blockchains like Arbitrum, Avalanche, and Ethereum. The launch, spearheaded by the Wyoming Stable Token Commission and Governor Mark Gordon, aims to revolutionize financial operations for individuals and businesses in Wyoming, offering an alternative to traditional currency.