Wyoming, USA, Issues Its Own Stablecoin

Son Min

Summary

It has been reported that Wyoming, USA, has issued the Frontier Stable Token (FRNT).
FRNT is backed by U.S. dollars and short-term government bonds and is issued on various blockchains.
It was reported that due to regulatory issues, it has not yet been made available to the public.

It has been reported that the U.S. state of Wyoming has issued its own stablecoin.

According to Eleanor Terrett, host of Crypto in America, on the 19th (local time), the state of Wyoming in the United States has issued the Frontier Stable Token (FRNT). This marks the first stablecoin issuance by a U.S. state government.

FRNT is backed by U.S. dollars and short-term government bonds, and is issued on Ethereum (ETH), Solana (SOL), Arbitrum (ARB), Polygon (POL), Avalanche (AVAX), Optimism (OP), and Base (BASE). However, due to regulatory issues, it has not yet been made available to the public.

POL