After years of research, the Wyoming Stable Token Commission has unveiled the mainnet launch of its first official state-backed stablecoin. The so-called Frontier Stable Token (FRNT), marking the first time a U.S. state has issued a blockchain-based, fiat-pegged token meant to be used by retail and enterprises alike, according to an announcement on Tuesday.
Wonder how long this will last until we start the fracturing of US currency at the state level again. That’d get pretty turbulent.
It be turbulent if you were in Wyoming and trying to compete against the stable coin of say…California. wonder which one most investors would choose?