Hassan Maishera
On Thursday, the Hedera team announced via a blog post that the Wyoming Stable Token Commission (WYST) will make the Frontier Stable Token (FRNT) available on Hedera.
FRNT is the first state-issued stable token in the United States. Hedera was selected as the only additional blockchain to be a candidate for FRNT, during the Commission’s Q2 evaluation, having met stringent criteria for speed, reliability, and regulatory alignment.
The WYST selected Hedera thanks to its fast settlement, predictable costs, and trusted governance. Transactions on Hedera finalize in seconds with low, fixed fees, making it suitable for everything from retail purchases and tax refunds to real-time disaster relief and instant public payroll systems. Hedera is also carbon-negative and capable of processing 10,000 transactions per second.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.2161 at press time, up 0.3% over the last 24 hours.
