Wyoming launches a stablecoin, FRNT, marking the first time a US state has issued a blockchain-based, fiat-pegged token to be used by retail and enterprises
Announced at SALT's Wyoming Blockchain Symposium, FRNT … Bogdan Patru / Bitcoinist.com : SEC Chair Paul Atkins Unveils Plans for President's Digital Assets Group Tanzeel Akhtar / Cryptonews : Wyoming's Stablecoin FRNT Hits Mainnet - Could This Be the End of U.S. Bank Fees? PYMNTS.com : Wyoming Launches State-Issued, Dollar-Backed Stablecoin Bruce Gil / Gizmodo : Wyoming Launches the First State-Issued Stablecoin Helen Partz / Cointelegraph : Wyoming launches Visa-supported FRNT stablecoin on 7 blockchains Bluesky: Patrick Schmidt / @pdwschmidt : O.k., legal scholars, how is this not a problem under Art. I, Sec. 10 of the Constitution, “No State shall ... coin Money;” and “... make any Thing but gold and silver Coin a Tender in Payment of Debts”? X: Paul Atkins / @secpaulsatkins : I had a great conversation with @TeresaGoody at @SALTConference's Wyoming Blockchain Symposium today about my priorities as @SECgov chairman, including Project Crypto and making IPOs great again. It's a new day at the SEC. Thread 🧵⬇️ [image] @0xpolygon : 🇺🇸 Wyoming has launched the Frontier Stable Token on Polygon, becoming the first U.S. state to issue its own fully reserved stablecoin. FRNT signals a new era, for government-grade digital assets to move on open, permissionless rails like Polygon. @wyostable : Today, Commission Chairman & @GovernorGordon announced the mainnet launch of the Frontier Stable Token (FRNT). This historic move marks Wyoming as the first public entity in the United States to issue a blockchain-based stable token... @avax : America's first state-issued stablecoin is here. FRNT, formerly known as WYST, is now live on Avalanche and will soon be spendable through @raincards' Visa-integrated platform. Programmable money is becoming real-world money. Here's why it matters 🧵 [image] @layerzero_core : As of today, FRNT is live on seven chains: @avax, @solana, @ethereum, @arbitrum, @optimism, @0xPolygon, and @Base. With LayerZero, @wyostable can continue its expansion wherever there is demand. Pavel Asparouhov / @pavel_asparagus : CHAMATH RUNNING A SPAC SELL EVERYTHING Anthony Scaramucci / @scaramucci : Congrats to @GovernorGordon and team on launch of $FRNT Frontier Stable Token at @SALTConference's Wyoming Blockchain Symposium. Benefits Wyoming schools, not a CBDC. Of course @solana and @avax out front as launch partners. https://decrypt.co/... Bryan Pellegrino / @primordialaa : A few years ago we were constantly up against the U.S. banning stablecoins. Think about how far we've come. This alone is an incredible bellwether for the industry and a point of proof that the U.S. is becoming a key hub in crypto. Exciting to see Wyoming pushing the Frontier Nic Carter / @nic__carter : wyoming officially launches their stable token! pretty damn cool. first public entity of any sort (?) to do this I think. https://stabletoken.wyo.gov/ Rain / @raincards : Wyoming just launched FRNT—the first US state-issued, dollar-pegged stablecoin—and made it spendable from day one via a Rain-issued card. The promise is huge: ✅ Instant tax refunds that are instantly spendable ✅ Streamlined social benefits that are easy to spend ✅ Automated [video] @avalabs : Today, the State of Wyoming officially launched FRNT, the first fully-backed, state-issued stablecoin in the U.S., built on Avalanche. Through a partnership with @raincards, FRNT will soon be spendable anywhere Visa is accepted, including through Apple Pay, Google Pay, and @solana : BREAKING: The Wyoming Stable Token Commission's FRNT, the first stablecoin issued by a U.S. State, is coming to Solana 🔥🔥🔥 [image] @wyostable : ...transparent, and efficient digital transactions for individuals, businesses, institutions - worldwide. This groundbreaking initiative cements Wyoming at the forefront of digital finance and blockchain innovation. Through collaboration with @LayerZero_Core, and achieving... @wyostable : ...the Select Committee's interest in launching a multi-chain offering, FRNT has been deployed on the @arbitrum @avax @base @ethereum @Optimism @Polygon & @solana blockchains. This accomplishment was further supported by partners @FireblocksHQ, @The_NetworkFirm, Inca Digital... @layerzero_core : The State of Wyoming has launched Frontier Stable Token (FRNT), the first stablecoin issued by a U.S. public entity. America's First Stablecoin [video] LinkedIn: Richard Chungong Jr : Exciting stuff coming out of Wyoming with their recent Wyoming Stable Token Launch. Trailblazing the way on how value is shifting with this new technology. … David A Pope : A new day has dawned. The stone has been cast. Let us see how far and wide the ripples spread. — https://lnkd.in/... Forums: r/Buttcoin : Wyoming to launch Stable coin. Msmash / Slashdot : Wyoming Launches First State-Backed Stablecoin on Seven Blockchains