Wyoming State-Issued Stablecoin Launches on Hedera

The Wyoming state government has expanded its pioneering $FRNT stablecoin to the Hedera Hashgraph network, marking a significant milestone in U.S. state-backed digital currencies. Although public purchases of the coin remain restricted pending further rollout steps, this expansion signifies a commitment to compliance and technological security as well as support for education funding through reserve interest. This move aligns with Wyoming’s focus on regulatory compliance and technical robustness, leading to a 1.1% price rebound for HBAR. The launch is spearheaded by the Wyoming Stable Token Commission, led by Executive Director Anthony Apollo, in conjunction with the Hedera Governing Council. The commission chose Hedera due to its security features and commitment to compliance, setting new standards in state-backed digital assets.