The post US First State-issued Stablecoin FRNT Expands on Hedera appeared on BitcoinEthereumNews.com.

The Frontier Stable Token (FRNT), issued by the state of Wyoming, will expand to the Hedera blockchain following its August mainnet launch. Before the news, Hedera (HBAR) had fallen to $0.2113, but following the announcement, it recovered to $0.2136, marking a modest 1.1% rebound that ended its recent decline. Wyoming Picks Hedera After Rigorous Review The Wyoming Stable Token Commission (WYST) announced the move after a Q2 review that found Hedera’s performance, governance, and regulatory alignment suitable for public finance applications. Sponsored Sponsored FRNT, short for the Frontier Stable Token, is the first state-issued stablecoin in the United States. It was created under the Wyoming Stable Token Act of 2023 and is fully backed by US dollars and short-term Treasuries, with an additional reserve for stability. Wyoming explains that they chose Hedera as the only additional blockchain candidate for FRNT after evaluating speed, reliability, and compliance. “The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. HBAR performance over the past 24 hours / Source: BeInCrypto Hedera’s governance model, led by the Hedera Council of global institutions, played a key role in the decision. The Hedera network is already trusted by governments and enterprises, including the UK Civil Aviation Authority, IBM, Google, and Mondelez, for real-world adoption. Despite its mainnet debut across Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base, FRNT remains under limited rollout. The Commission noted that purchasing options are not yet available, with Hedera stating that more details will come “soon.” Wyoming’s Distinct Approach to Stablecoins FRNT is of added significance for Wyoming and the broader market. As a public financial instrument, FRNT differs from privately issued stablecoins. It operates under state law, and liquid assets back it…

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Filed under: News - @ September 5, 2025 2:28 am