Wyoming Launches State-Issued Stablecoin on Seven Blockchains

Wyoming is pioneering the development of its first state-issued stablecoin, called the Frontier Stable Token (FRNT), which offers secure and efficient transactions across multiple blockchains. This innovative move has sparked excitement within the crypto community as it paves the way for a new era of digital finance. 🤝 The FRNT token leverages short-term Treasury bills and US dollars for complete backing, with a stringent reserve requirement of 102% to ensure its collateralization remains robust. It’s currently unavailable to the public but will soon integrate with Visa’s payment network, allowing users to utilize it through Apple Pay, Google Pay, and physical cards. 🚀