Wyoming has become the first U.S. state to launch its own state-issued crypto stablecoin, named Frontier Stable Token (FRNT).
The stablecoin will be overcollateralized by 2% and backed by reserves managed by Franklin Advisers, with audits provided by The Network Firm.
The launch follows the passage of pro-crypto legislation and Wyoming's long-standing support for the digital asset industry, with Kraken being one of the first marketplaces to offer FRNT. Show Less
