Kraken Offers Early Access to First US State-Issued Stablecoin

The U.S. state of Wyoming has launched its first state-issued stablecoin, called the Frontier Stable Token (FRNT). This milestone marks a significant advancement in blockchain technology and financial innovation. FRNT is fully backed by U.S. dollars and short-term Treasury bills, adhering to a strict 102% reserve requirement, making it one of the most secure and tightly-backed stablecoins available.