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The State of Wyoming officially launched the Frontier Stable Token (FRNT), the first US state-issued stablecoin, on multiple blockchain networks including Avalanche, Solana, Ethereum, Arbitrum, Base, Optimism, and Polygon. The stablecoin is fully backed by US Treasury securities and cash equivalents held in custody by the Wyoming Stable Token Commission. The launch represents a significant step in government-issued digital currencies at the state level.
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