Wyoming Issues Native Stablecoin 'Frontier'…"Accelerating Adoption"

The first state-issued stablecoin, the 'Frontier (FRNT) token,' has emerged from Wyoming, USA, drawing attention to whether this could lead to greater adoption of stablecoins across the United States.

According to Forbes on the 24th (local time), Wyoming officially launched the Frontier token on the 19th, which is 102% collateralized with US dollars and Treasury bonds. The Frontier token operates across seven blockchains via the LayerZero (ZRO) protocol.

The Wyoming state government plans to use the Frontier token to reduce fees and delays present in traditional financial systems and to utilize the interest income generated as public funds for purposes such as education. The state government emphasized that "unlike central bank digital currencies (CBDCs), the Frontier token is decentralized" and "it is designed to prevent arbitrary sanctions that could infringe on constitutional rights."

Experts commented, "The Frontier token was launched after long preparations," and predicted, "Although there are still many challenges for stablecoin adoption, the launch of the Frontier token could accelerate the spread of stablecoins in the United States."