Wyoming launches its first state-level stablecoin, FRNT, which is now available on seven blockchains, including Solana and Arbitrum.

According to Eleanor Terrett, Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first US state to issue its own stablecoin. FRNT is backed by US dollars and short-term Treasury bonds and is currently listed on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. However, due to regulatory hurdles, the token is not yet available to the public.