Eleanor Terrett: Wyoming issues the first state-level stablecoin in the U.S. FRNT

ChainCatcher news, encrypted journalist Eleanor Terrett posted on social media that Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first state in the U.S. to issue its own stablecoin.

FRNT is backed by the U.S. dollar and short-term government bonds, and is currently live on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.

However, due to ongoing regulatory hurdles, the token is not yet available to the public.