Wyoming Launches First US State-Backed Stablecoin
Wyoming Launches First US State-Backed Stablecoin
🤠Wyoming's Wild Crypto Move
Wyoming has officially launched FRNTLive, becoming the first US state to issue a government-backed stablecoin. The token is deployed across 7 blockchain networks and can be used for payments anywhere Visa is accepted.
Key features:
- State-regulated and backed
- Multi-chain compatibility
- Visa payment integration
- Direct competition with USDC and USDT
This launch follows Governor Gordon's March announcement of the $WYST initiative, developed in partnership with LayerZero Core.
The first U.S. state‑backed stablecoin just launched: FRNT Live on 7 chains & Spendable anywhere Visa is. “Real competition for Circle and Tether…” - @jackoholleran Read more from @DefiantNews 👇 thedefiant.io/news/regulatio…
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