WYOMING LAUNCHES VISA-SUPPORTED STABLECOIN

Summary from the TLDR Crypto newsletter

Wyoming launched the Frontier Stable Token (FRNT) on mainnet across seven blockchains, making it the first US state-issued stablecoins with a statutorily mandated 102% reserve requirement backed by Treasury bills and USD. The stablecoin integrates with Visa's payment network, enabling use anywhere Visa is accepted, including Apple Pay, Google Pay, and physical cards, though public access remains limited due to ongoing regulatory hurdles. The move represents a significant precedent for state-level crypto innovation, with officials highlighting potential government efficiency improvements through programmable payments for tax refunds, vendor payments, and social benefits. It builds on Wyoming's position as a crypto-friendly jurisdiction with over 45 pieces of digital asset legislation since 2016, potentially setting a template for other states to issue their own stablecoins.