Wyoming has launched the Frontier Stable Token (FRNT), the first stablecoin issued by a US state. Let’s dive into why this matters. FRNT is a digital asset that is fully backed by US dollars and treasuries, with mandated overcollateralization for added security. It will be deployed across @arbitrum, @avax, @base, @ethereum, @Optimism, @0xPolygon and @solana. In the coming days, FRNT will be available on @krakenfx, as well as @raincards' Visa-integrated card platform on Avalanche. Stablecoins have emerged as one of the largest PMFs for adoption across major enterprises, institutions and government officials. The recently passed GENIUS Act, which established a US regulatory framework for stablecoins, has opened the floodgates for the digital asset to become more integrated in everyday life. Many traditional enterprises are now adopting it as a form of payment or a way to transfer large amounts of money. As USD backed stablecoins continue to grow so can its $280M+ total market cap. This could result in a future where stablecoins help run all payment solutions, replacing the old rails with new ones.