The Wyoming Stable Token Commission has officially launched the Frontier Stable Token (FRNT), a stablecoin backed by US Treasury bills and dollars with a 102% reserve requirement. FRNT is live on seven blockchains but not yet available to the public due to regulatory hurdles.

The FRNT mainnet launch will be announced at the Wyoming Blockchain Symposium, highlighting Wyoming’s leadership in blockchain regulation. The commission collaborated with LayerZero for multi-blockchain support. Initial availability will be on Solana through Kraken exchange.

FRNT will be accepted by Visa and major payment channels like Apple Pay and Google Pay. The commission sees FRNT as a game-changer for government efficiency, enabling quick payments and innovations in public services. FRNT was previously known as Wyoming Stable Token (WYST) and Wyoming Electronic Stable Token (WEST).

Read more at Cointelegraph: Wyoming Launches First State-Issued Stablecoin FRNT