Hassan Maishera
On Thursday, the Hedera team announced via a blog post that Wyoming’s Frontier Stable Token (FRNT), the first U.S. state-issued stable token, is now live on Hedera. Tokens have been minted on the Hedera EVM, as announced in the Wyoming Stable Token Commission’s attestation report during its monthly commission meeting.
FRNT is designed to support faster, more efficient value transfer while maintaining the transparency and accountability expected of a public-sector-issued asset.
While commenting on this latest development, Anthony Apollo, Wyoming Stable Token Commission Executive Director, said,
“Hedera has emerged as a leader in real-world asset innovation, with the governance and performance needed for regulated use cases. The launch of FRNT on Hedera highlights the role Hedera can play as a trusted network for digital payments.”
FRNT is available on Kraken, a Wyoming-based cryptocurrency exchange. Fireblocks underpins FRNT’s issuance and operations, and LayerZero supports cross-chain interoperability across networks. Users can purchase FRNT on supported networks and transfer it to other blockchains using the Stargate platform.
Mance Harmon, Co-Founder of Hedera, added that,
“At the core of all this is trust. Hedera technology provides the reliable foundation regulated industries need to innovate with confidence and reimagine how payments move across networks and borders.”
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 $0.09700 at press time, up 3.8% over the last 24 hours.
