wyoming

According to the official social media disclosure from the Wyoming Stable Token Commission, Wyoming has opened the purchase of the stablecoin FRNT to the public through the cryptocurrency exchange Kraken.FRNT is the first fiat-backed and fully reserved stablecoin issued by a public entity in the United States, with the interest generated from the reserves being used to support school projects in Wyoming.

According to Cointelegraph, Wyoming Representative Harriet Hageman recently released a mysterious video titled "Soon," sparking speculation about her potential candidacy for the Senate seat in 2026. This comes after current Senator Cynthia Lummis announced she would not seek re-election. As a staunch supporter of the cryptocurrency industry, Lummis has pushed for several blockchain legislations, including the Responsible Financial Innovation Act, and her departure will leave the crypto industry without an important ally.Although Hageman has not yet made digital assets a core focus, she has gained the support of Caitlin Long, a key advocate for blockchain legislation in Wyoming. The 2026 election will test whether the state continues to maintain its position as a Senate advocate for cryptocurrency.

According to market news, the Wyoming Stablecoin Committee has launched the testnet "faucet" for the Frontier Stable Token (FRNT). Anyone with a digital wallet can now connect to their website and choose from one of the 8 testnets.After that, up to 1,000 "tFRNT" tokens can be requested to their public address every 24 hours. tFRNT is not backed by any reserves; it is simply a token on the testnet (i.e., development) blockchain, designed to "simulate the deployment of smart contracts on its supported 7 mainnet blockchains." Previously, it was reported that the Wyoming stablecoin FRNT has not been available for purchase since its mainnet launch last month.

ChainCatcher news, according to PRNewswire, Wyoming-based digital asset company GGBR Inc. has officially launched its platform and gold-backed stablecoin Goldfish, establishing a long-term strategic partnership with RWA digitization company I-ON Digital Corp.According to reports, GGBR holders can enjoy 24/7 liquidity, physical redemption through regulated dealers, and stable pricing linked to real-time market gold prices. Company president Peter Mikhailenok stated that Goldfish aims to make gold ownership borderless and more inclusive.

ChainCatcher news, the Wyoming Stable Token Commission (WYST) announced that the first state-issued stablecoin, Frontier Stable Token (FRNT), will soon be launched on the trusted public network Hedera.FRNT is created under the 2023 Wyoming Stable Token Act and is the first state-issued stablecoin in the United States. It is fully backed by US dollars and short-term US Treasury securities, with an additional 2% reserve held to ensure stability.

ChainCatcher news reports that, according to 4E observations, Federal Reserve Governor Bowman stated that Federal Reserve employees should be allowed to hold a small amount of cryptocurrency, which would help in understanding digital asset products. Overly restrictive measures may hinder the recruitment and retention of professional talent. She also called for the industry to strengthen communication with regulators to promote the application of blockchain in areas such as fraud prevention.U.S. Treasury Secretary Bessent stated that the implementation of the GENIUS Act is crucial for maintaining the leadership of the U.S. digital asset sector. Stablecoins will expand the global use of the dollar and drive a surge in demand for U.S. Treasury bonds.Korean Central Bank Governor Lee Chang-yong stated in Congress that a won stablecoin is inevitable in the future, but it should be gradually introduced from the banking system, emphasizing the need for careful assessment of potential risks.On the market side, BitMine Chairman Tom Lee shared a fund analyst's view that Ethereum may pull back to $4075-$4150 mid-week, which is considered a healthy adjustment. On the other hand, the verifiable computing layer Boundless released its tokenomics: its native token ZKC has a total supply of 1 billion, with 49% allocated for ecosystem development, 23.5% for the team and contributors, 21.5% for investors, and 6% for community sales and airdrops.Additionally, Wyoming has officially launched the first state-level stablecoin in the U.S., FRNT, which is backed by the dollar and short-term U.S. Treasury bonds, and has been launched on seven public chains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.4E reminds investors that policy signals and stablecoin innovations are accelerating the formation of the global digital financial system, and investors may pay attention to the interconnected effects of the Ethereum ecosystem and various countries' digitalization explorations.

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.

ChainCatcher news, according to Cointelegraph, the Wyoming Stablecoin Committee announced plans to officially launch its official stablecoin WYST at the Wyoming Blockchain Symposium to be held in Jackson on August 20, 2025.

ChainCatcher news, according to Crypto In America, the cryptocurrency exchange Kraken will move its headquarters from San Francisco to Cheyenne, Wyoming. Kraken stated that the state's long-standing advantage in digital asset policy is the main reason.Kraken previously donated $300,000 to the University of Wyoming to support crypto education and co-hosted a blockchain conference. Wyoming has attracted several crypto companies with its clear crypto regulations, property protections, and regulatory sandbox mechanisms.

ChainCatcher news reports that the Northern Mariana Islands legislature overwhelmingly overturned the governor's veto on May 16, officially approving the issuance of the government-backed stablecoin "Mariana Dollar" (MUSD). The bill stipulates that MUSD will be fully backed 1:1 by U.S. dollars and government bonds held by the government, and will be issued on the eCash blockchain.Marianas Rai Corporation, a technology company from Tinian, has been designated as the exclusive technology partner. The local government stated that this is not only a financial innovation but also part of an economic revitalization strategy, with accompanying measures in the bill including the issuance of internet casino licenses.Meanwhile, Wyoming has also passed a similar bill to prepare for the issuance of the "Wyoming Stable Token." Analysts point out that if MUSD can be launched before July, it will become the first stablecoin issued by a local government in the United States, and its market performance will provide important references for subsequent policies.Experts believe that the competition between these two regions may influence the legislative process for digital currencies in the United States, but technical implementation and compliance operations still face challenges. The federal government's attitude towards such local stablecoin projects will become a focal point of future attention.

ChainCatcher news, according to CoinDesk, the Wyoming Stable Token Committee announced a partnership with data analytics company Inca Digital to jointly promote the issuance of the Wyoming Stable Token (WYST). This stablecoin is scheduled to officially launch in July 2025 and will become the first fiat-collateralized stablecoin issued by a state government in the United States, pegged 1:1 to the US dollar, with collateral assets including US Treasury bonds, cash, and repurchase agreements.According to official disclosures, Inca Digital will provide market monitoring and risk analysis services for the project. Since 2018, Wyoming has passed 35 regulations related to the cryptocurrency industry, currently attracting over 3,000 tech companies to settle in the state. CoinGecko data shows that the current total market capitalization of global stablecoins is $245 billion.

ChainCatcher news, the Governor of Wyoming has announced that the WYST stablecoin has entered the multi-chain testing phase and has been deployed on testnets such as Avalanche, Solana, Ethereum, Arbitrum, Optimism, Polygon, and Base. The testing is expected to continue until the second quarter of 2025, with plans for a formal launch in July, in collaboration with LayerZero and Stargate.

ChainCatcher news, according to Cointelegraph, Wyoming Stablecoin Committee Executive Director Anthony Apollo stated that the state's stablecoin project is expected to enter the testnet within the next six weeks and plans to officially launch in the next quarter.The project has shortlisted Ava Labs (Avalanche) and Mysten Labs (Sui) for interviews this week. Securitize, Franklin Advisors, and Northern Trust have been shortlisted for reserve management candidates, while three of the Big Four accounting firms are in the running for internal controls candidates. Blockchain.com will be the first platform to launch the stablecoin.Apollo revealed that the stablecoin will maintain a 102% over-collateralization, fully backed by U.S. Treasury securities, cash, and repurchase agreements to prevent de-pegging risks. The committee is exploring a native yield distribution mechanism for token holders. Additionally, the project plans to use zero-knowledge proof technology to ensure compliance and privacy, and may utilize subnets or layer two networks to achieve permissioned access and transaction privacy protection.

ChainCatcher news, according to Cryptonews, the Wyoming Highway Workers Union has announced that it is exploring the inclusion of Bitcoin in its balance sheet. The Wyoming Highway Patrol Association (WHPA) has partnered with Proof of Workforce to launch an initiative called "Get Off Zero."This initiative is expected to become the first law enforcement association in the United States to hold Bitcoin on its balance sheet. The "Get Off Zero" movement focuses on cryptocurrency investment, encouraging organizations to allocate a small portion of their portfolios to Bitcoin.Founded in 1974, WHPA provides support and resources for its patrol officers, dispatchers, border patrol agents, and civilian staff. Through the "Get Off Zero" initiative, members of the organization can learn how the digital asset ecosystem works. Proof of Workforce is a nonprofit organization that offers free Bitcoin education to workers, unions, pension funds, and municipal authorities. Proof of Workforce founder Dom Bei reported that this "could set a precedent for other law enforcement associations in the United States."