The State Wyoming Steabelcoin Commission announced the launch of stablecoin Frontier Stable Token (FRNT). The commission promised that the coin would be available in seven blockchains: Ethereum, Soolana, Arbitrum, Avalanche, Polygon, Optimism and Base.

The commission said that FRNT was provided with short -term treasury bills and US dollars with mandatory reservation of 102%. To ensure the work of FRNT in different blockchains, the organization interacts with the Layerzero protocol. FRNT on SOLANA can soon be available for purchase through a Kraken crypto -tank registered in wioming.

Ava Labs, standing behind the Avalanche blockchain, promised that the FRNT stablecoin can be used wherever VISA payment system, as well as the Apple Pay and Google Pay services. Ava Labs representative said FRNT is a state token, which was previously called Wyoming Stable Token (Wyst) and Wyoming Electronic Stable Token (West).

According to the host of the Cryptoamerica program, Eleanor Terrett, Wyming became the first American state to launch its own stabclin. She expects that the launch of the main FRNT network will be announced at the blockchain symboling in Wyoming, the organizers of which were the Salt financial platform and Kraken crypto-rope.

The Governor of Wyoming Mark Gordon, the head of the commission, said that Vaiming has been considered a leading state in the field of blockchain and cryptocurrency regulation for many years. Since 2016, local authorities have considered more than 45 relevant legislative acts, the official said.

The Executive Director of the Commission Anthony Apollo assures that the FRNT stablecoin will speed up the transaction and increase the safety of payments. State organizations will be able to pay suppliers faster, in stablecoins it will be possible to receive social benefits and tax deductions, Apollo said.

Earlier, the founder of Cardano Charles Hoskinson expressed discontent and disappointment that Viooming authorities did not choose his blockchain to launch this stabblecoin.