Wyoming's New Stable Token $FRNT: A CBDC Alternative?
Wyoming has introduced the Frontier Stable Token ($FRNT), a dollar-redeemable stablecoin overseen by the Wyoming Stable Token Commission. This initiative aims to provide a transparent and publicly governed digital dollar alternative. According to reports, $FRNT is fully reserved and governed by state statute, explicitly separate from any Federal Reserve-issued digital money. Wyoming passed HB0264, barring state agencies from accepting central bank digital currencies (CBDCs). The state emphasizes that $FRNT governance occurs in a public forum, with key decisions made in monthly meetings and agency rules subject to public comment. The Commission states $FRNT can be used for any lawful purpose.
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