Wyoming Launches First State-Issued Stable Token

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On August 19, the Wyoming Stable Token Commission announced the launch of the Frontier Stable Token (FRNT), making Wyoming the first public entity in the United States to issue a state-backed, blockchain-based stablecoin. The program is authorized under the Wyoming Stable Token Act and chaired by Governor Mark Gordon….
By: Sheppard Mullin Richter & Hampton LLP
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