After years of research, the Wyoming Stable Token Commission has unveiled the mainnet launch of its first official state-backed stablecoin. The so-called Frontier Stable Token (FRNT), marking the first time a U.S. state has issued a blockchain-based, fiat-pegged token meant to be used by retail and enterprises alike, according to an announcement on Tuesday.

  • Sineljora@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    22 hours ago

    So, Wyoming, home of Jackson Hole, where all the “federal” reserve chairs meet, who have been wanting to supplant the dollar with their own central bank digital currency, was the first state to implement a “stable” coin? Can’t say I’m surprised.