🚨 Wyoming Becomes First U.S. State to Launch Its Own Stable

🚨 Wyoming Becomes First U.S. State to Launch Its Own Stablecoin📢 In a landmark move, the Wyoming Stable Token Commission has launched the Frontier Stable Token (FRNT) — making Wyoming the first public entity in the U.S. to issue a state-backed stablecoin.
🔑 Key details:
💵 Fully backed by U.S. dollars & short-term treasuries.
📈 Mandated 2% overcollateralization under the GENIUS Act.
🌐 Deployed on 7 blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
📢 Issued in partnership with LayerZero.
⚠️ Important: FRNT isn’t yet publicly tradeable, due to ongoing regulatory clearance.
📊 This marks a bold experiment in state-level digital finance, blending government oversight with blockchain interoperability.
🔍Could Wyoming’s FRNT stablecoin pave the way for U.S. state-backed digital assets across the country — or is this an isolated experiment?
#Stablecoin #Wyoming #Blockchain #Crypto #DigitalAssets  
https://coingape.com/wyoming-rolls-out-first-state-issued-stablecoin-debuts-on-solana-and-ethereum/?utm_source=linkedin&utm_medium=coingape

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}🚨 Wyoming Becomes First U.S. State to Launch Its Own Stablecoin

🚨 Wyoming Becomes First U.S. State to Launch Its Own Stablecoin