2026-01-07 23:33:14

Wyoming officially launched a fully USD-backed stablecoin, FRNT, on Wednesday, becoming the first state in U.S. history to issue its own token. This stablecoin is issued under the guidance of the Wyoming Stablecoin Committee, backed by reserve assets held in trust by the state. The key is how these reserves are allocated—entirely in USD cash and short-term U.S. Treasury bonds, simple and straightforward but stable. To put it simply, FRNT is essentially the official version of USDC, but the issuer has shifted from a private company to a government agency. This move is significant, reflecting traditional institutions' recognition of on-chain stablecoins and providing a reference model for other states. From a technical perspective, this kind of officially endorsed stablecoin can better connect traditional finance with the Web3 world, offering substantial support for market confidence building.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

ser_we_are_early

· 18h ago

Government officials issuing stablecoins? Traditional finance is really about to get involved. Well, honestly, compared to those backed by private companies, having government backing is much more reassuring. Wyoming really knows how to play; using government bonds as reserves is a solid move.

View OriginalReply0

PumpAnalyst

· 01-08 09:01

Government-backed stablecoins sound appealing, but be cautious. Is it truly innovation or just a new disguise for harvesting profits? It depends on how they develop from here.

View OriginalReply0

ZenMiner

· 01-08 00:03

Finally, government agencies are also getting involved in on-chain activities? Stablecoins are really about to become the standard.

View OriginalReply0

SellLowExpert

· 01-08 00:02

Huai Zhou really dares to play, the government directly issues tokens... This time, the stablecoin finally has official endorsement, it feels like traditional finance is truly panicking.

View OriginalReply0

TopEscapeArtist

· 01-07 23:59

It's the same setup again, looking like good news but I always feel something's off... USD cash plus short-term government bonds, has the MACD golden cross occurred? If this thing crashes, it would be much more stable than stablecoins.

View OriginalReply0

FlashLoanKing

· 01-07 23:43

Wyoming's move is quite bold; the government directly issues its own coin. Other states must be feeling envious, huh?

View OriginalReply0

AirdropHunterKing

· 01-07 23:38

Tsk, the government has started issuing coins, so stablecoins are now considered "whitewashed."

View OriginalReply0

TeaTimeTrader

· 01-07 23:36

The government directly issuing its own digital currency, this time stablecoins are really about to turn the world upside down. Wyoming's move is quite aggressive... an official version of USDC? Then other stablecoins should be feeling nervous. And it really comes down to cash USD + government bonds—no fancy tricks, which makes it seem even more solid. I want to ask, will this directly impact the status of Circle and Tether... The significance of mainstream recognition is much more important than the rise and fall of coin prices. This is truly a sign of TradFi and Web3 shaking hands, it feels like the overall landscape has opened up. But on the other hand, will other states follow suit later on? How did the name FRNT come about? Does it mean "Front," or is it an abbreviation... Even the government is issuing its own currency, does that mean the days of private stablecoins are about to be tough? Basically, it's the US version of a central bank digital currency trial run, and the significance is indeed major.

View OriginalReply0