Wyoming Debuts First U.S. State-Issued Stablecoin — Frontier Stable Token (FRNT)

Wyoming has officially launched the Frontier Stable Token (FRNT), the first stablecoin in the U.S. issued by a public entity. Fully backed by U.S. dollars and short-term treasury bills, with reserves legally required to exceed issuance by 2% (102% collateralization), FRNT is now live on seven major blockchains—combining government-level trust with blockchain efficiency….
By: Loeb & Loeb LLP