Wyoming Issues the First State-Level Stablecoin in the United States, FRNT

According to a report by Jinse Finance, FOX Business journalist Eleanor Terrett stated that Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first state in the United States to issue its own stablecoin. FRNT is backed by US dollars and short-term Treasury bonds and is now available on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. However, due to ongoing regulatory hurdles, the token is not yet open to the public.