Wyoming to List FRNT Stablecoin on Hedera

The Wyoming Stable Token Commission (WYST) announced the upcoming launch of Frontier Stable Token (FRNT), the first state-issued stablecoin, on the trusted public network Hedera. Created under the Wyoming Stable Token Act of 2023, FRNT is the first state-issued stablecoin in the United States. It is fully backed by U.S. dollars and short-term U.S. Treasury bonds, with an additional 2% reserve to ensure stability.