Hassan Maishera
On Wednesday, the LayerZero team announced via X that Wyoming has become the first U.S. state to make a fiat-backed, fully-reserved stablecoin available for public purchase on Solana and Kraken, with value transfer powered by LayerZero.
LayerZero is the token issuance partner powering Wyoming's multichain deployment across Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
FRNT is backed by U.S. dollars and short-duration Treasuries, with interest flowing back to the State—funding schools. The Wyoming Stable Token Commission is also exploring FRNT for vendor payments and government operations, with counties looking to cut card fees.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $1.270, up 0.30% in the last 24 hours.
