Wyoming | Crypto

On November 13, the state of Nebraska announced that it had officially granted the “first-in-nation” state charter for a digital asset bank in the U.S. Governor Jim Pillen signed the charter, enabling Telcoin Digital Asset Bank to operate out of Nebraska and issue stablecoins, to attract fintech businesses and put itself on the map as […] The post Nebraska joins the digital asset race (but Wyoming laid the tracks) appeared first on CryptoSlate.

The FRNT stablecoin, backed by the US state of Wyoming, reportedly went live on seven blockchains at its August launch. The Frontier Stable Token (FRNT), a stablecoin authorized by the US state of Wyoming, will soon be available on the Hedera blockchain after its mainnet launch in August.  In a Thursday notice, Hedera said the Wyoming Stable Token Commission — the body responsible for issuing the stablecoin — had selected the blockchain as a candidate for FRNT following a review of possible networks, and approved the proposal. The stablecoin reportedly went live on seven blockchains at launch: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. 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.

Wyoming has officially launched FRNT, the first state-backed stablecoin in the U.S., backed by cash and Treasuries with 2% overcollateralization. Live across seven blockchains, it will be listed on Kraken and audited monthly for transparency, setting a precedent in digital asset regulation. The post Wyoming’s Stablecoin FRNT Hits Mainnet – Could This Be the End of U.S. Bank Fees? appeared first on Cryptonews.

Wyoming announced the mainnet launch of the Frontier Stable Token stablecoin, becoming one of the first US states to issue a stablecoin. The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin. The FRNT stablecoin is a fully-collateralized digital token backed by short-duration US Treasury bills and US dollars, with a statutorily mandated 102% reserve requirement, the commission said in an announcement on Tuesday. According to CryptoAmerica host Eleanor Terrett, the FRNT is now live on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. Read more

The crypto exchange is setting up a new headquarters for the first time since shuttering its San Francisco office in 2022, following reports of employees being attacked. Cryptocurrency exchange Kraken has moved its global headquarters to Cheyenne, Wyoming, more than three years after shuttering operations in San Francisco. In a Friday blog post, Kraken said it was “recognition of the pro-crypto policymakers and constructive regulations” that contributed to its move to Wyoming. The company cited Wyoming Senator Cynthia Lummis’ crypto advocacy in the US state and Congress impacting its decision to move its headquarters. “Wyoming has been at the forefront of digital asset policy for nearly a decade and has created the perfect environment for digital asset companies to thrive,” said Lummis. “Kraken’s decision to relocate to the Equality State is a testament to Wyoming’s forward-thinking approach and reinforces Wyoming’s position as America’s premier crypto hub.” Read more