Wyoming Becomes First State to Launch Its Own Stablecoin

Wyoming has taken a pioneering step in the cryptocurrency world by becoming the first U.S. state to launch its own stablecoin. The Frontier Stable Token (FRNT) was officially launched, backed by US dollars and short-term Treasury bonds, on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. 🤯 🌎 Though currently unavailable to the public due to regulatory hurdles, the Wyoming Stable Token Commission assures that FRNT is fully collateralized with a legally mandated 102% reserve requirement.