FRNT | Crypto

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.” Read more

Wyoming has introduced the Frontier Stable Token (FRNT), the first stablecoin created and issued by a US government entity, according to an Aug. 19 announcement. Formerly called the Wyoming Stable Token (WYST), FRNT aims to deliver fast, secure, and transparent digital transactions for individuals, businesses, and institutions worldwide. According to the statement, each FRNT token […] The post Wyoming unveils FRNT state stablecoin, joining the battle in the $285B arena appeared first on CryptoSlate.