Wyoming's Frontier Stable Token (FRNT) launched across seven blockchains including Ethereum, Solana, and Avalanche, marking the first state-backed stablecoin in the U.S. In partnership with LayerZero, FRNT aims to serve local interests by channeling interest revenues from its reserves into Wyoming’s School Foundation Fund, distinguishing it from other stablecoins. Unlike many alternatives, FRNT is seen as a constitutionally-protected public asset, leveraging Wyoming's unique regulatory environment that provides it with freedom from arbitrary usage restrictions. The token was built using LayerZero's Omnichain Fungible Token framework, allowing it to theoretically operate over 110 networks. Despite facing skepticism about its role relative to central bank digital currencies (CBDCs), advocates clarify that FRNT cannot be issued in the same manner as central bank cash. The launch occurred during the Wyoming Blockchain Symposium, indicating a significant step for the state into the $285 billion blockchain sector, fueling interest in how state-backed initiatives can operate within the rapidly evolving crypto landscape.

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