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the token was established under the Wyoming Stable Token Act and is overseen by the Wyoming Stable Token Commission, which was created in March 2023 to issue fully backed digital assets aligned with state law and fiscal responsibility.
FRNT is Wyoming's first state-issued stablecoin, launched on January 7, 2026, under the Wyoming Stable Token Act. Built on Solana, it's fully backed by reserves (primarily U.S. Treasuries and cash equivalents) to maintain a 1:1 peg to the USD, enabling transparent, on-chain transactions for payments, DeFi, and reserves management.
The Wyoming Stable Token Commission, established in March 2023, oversees issuance, ensuring compliance with state laws and fiscal responsibility. Reserves are audited regularly, with yield from assets potentially funding state programs. This marks a pioneering step in government-backed digital assets, promoting adoption while mitigating volatility risks.
For details, visit wyomingstabletoken.org or the Commission's factbook.
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