Wyoming becomes the first US state to launch a stablecoin, FRNT, backed by USD and Treasuries

Wyoming has become the first US state to launch a blockchain-based stablecoin, issuing the Frontier Stable Token (FRNT) on several blockchain networks, with reserves backed by US dollars and short-term treasuries. The Wyoming Stable Token Commission announced the launch of the FRNT mainnet in a state press briefing on Tuesday. The stablecoin launch event is […] source: https://www.cryptopolitan.com/wyoming-launches-stablecoin-frnt-usd-backed/