Wyoming issued its first state-level stablecoin, $FRNT
Wyoming officially released a stablecoin called Frontier Stable Token (FRNT), becoming the first U.S. state government to issue its own stablecoin.
$FRNT is backed by US dollar deposits and short-term U.S. Treasuries as reserves, and is currently deployed on 7 blockchains: @ethereum, @solana, @arbitrum, @avax, @Polygon, @Optimism, and @base.
However, due to regulatory hurdles, $FRNT is not currently available to the public.
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