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Wyoming's Stablecoin FRNT to Launch on Hedera
Summary: In a recent committee meeting, the Wyoming Stablecoin Committee announced that the first stablecoin issued by a state government in the U.S., Frontier Stable Token (FRNT), is set to launch on Hedera. Hedera was selected as the sole candidate blockchain for FRNT in the committee's second-quarter evaluation, meeting strict standards for speed, reliability, and compliance. ...
In a recent committee meeting, the Wyoming Stablecoin Committee announced that the first stablecoin issued by a state government in the U.S., Frontier Stable Token (FRNT), is set to launch on Hedera. Hedera was selected as the sole candidate blockchain for FRNT in the committee's second-quarter evaluation, meeting strict standards for speed, reliability, and compliance.
FRNT is the first stablecoin created under the 2023 Wyoming Stablecoin Act. The token is fully backed by U.S. dollars and short-term government bonds, with an additional 2% reserve to ensure stability. FRNT's design aims to showcase how digital assets can enhance public finance by enabling faster, more transparent, and more efficient payments.
