Wyoming’s official stablecoin FRNT is officially sold to the public through Kraken and deployed on the Solana chain

PANews reported on January 8 that according to an announcement from the Wyoming Stable Token Commission, Wyoming in the United States officially publicly issued its government-backed fiat reserve stablecoin "FRNT" through the Kraken exchange, becoming the first stablecoin in the United States issued by a public institution and fully backed by reserves. FRNT is deployed on the Solana chain and can be bridged to multi-chain networks such as Ethereum and Arbitrum through Stargate. The currency is intended for individuals and institutions, supports second-second settlement and transaction fees as low as $0.01, and its reserve interest will be used to support in-state education.
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