Wyoming rolls out state-backed FRNT stablecoin to the public
Wyoming’s Frontier Stable Token (FRNT) is “the first fiat-backed, fully-reserved stable token” to be issued by a US public entity, says state Governor Mark Gordon.
Wyoming’s Frontier Stable Token (FRNT), the first stablecoin issued by a US state, is now available to the public following delays caused by lingering regulatory hurdles.
The state’s Governor Mark Gordon said on Wednesday that it is “the first fiat-backed, fully-reserved stable token to be issued by a public entity in the United States.”
He added that the token would provide “a cheaper, faster, and more transparent means of transacting,” and would be “another source of funding for our schools and can lower the taxpayer burden in our state.”
