Wyoming Debuts First State-Issued Stablecoin Multiple Blockchains

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Wyoming has launched the Frontier Stable Token (FRNT), the first US state-backed stablecoin. The token, pegged to the US dollar, is now live on seven blockchains.

The Wyoming Stable Token Commission announced the move, stating FRNT is designed for “secure, transparent, and efficient digital transactions” for global users.

This initiative solidifies Wyoming’s status as a leader in crypto-friendly regulation, following its previous laws recognizing DAOs and creating special crypto banks.

The launch occurs just a month after the first federal stablecoin bill was signed into law, signaling growing institutional acceptance of digital currencies.