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The post Wyoming Becomes First U.S. State to Issue Its Own Stablecoin: All About FRNT appeared first on Coinpedia Fintech News
Wyoming has made history by becoming the first state in the United States to launch a government-issued stablecoin. The move is being hailed as a major step forward for blockchain innovation and public sector adoption of digital assets.
Here are the key details you need to know.
Wyoming Launches FRNT on Seven Blockchains
The Wyoming Stable Token Commission has officially launched the Frontier Stable Token (FRNT), making Wyoming the first U.S. public entity to issue a blockchain-based stablecoin. FRNT is designed to enable secure, transparent, and efficient digital transactions for individuals, businesses, and institutions worldwide.
It is now live on seven major blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
To guarantee stability, FRNT is fully backed by U.S. dollars and short-term Treasuries, along with a legally mandated 2% overcollateralization. Developed with top industry partners, the stablecoin leverages blockchain to enable faster payments, lower fees, and broader financial access.
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