Wyoming Debuts FRNT As The United States’ First Fully State-Issued Stablecoin
Wyoming has launched the Frontier Stable Token (FRNT), the first fully state-issued stablecoin in the US. Announced by Governor Mark Gordon, FRNT is a fiat-backed and fully reserved token, now available on the Kraken exchange. It operates on the Solana blockchain with cross-chain support via Stargate. Backed by US dollars and short-duration Treasuries, it aims to reduce transaction costs, generate state revenue, and ease the tax burden. Managed by Franklin Templeton, FRNT targets retail, institutional, and government users for fast, low-cost settlements.
bitcoinist01/08 13:02
