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Wyoming has introduced the Frontier Stable Token (FRNT), the first stablecoin created by a US government entity. FRNT aims to provide fast, secure, and transparent digital transactions globally, fully backed by US dollars and short-term treasury securities. The token will operate on seven blockchain networks and compete with other stablecoins like USDT and USDC. Regulatory authorities are implementing stricter regulations for the stablecoin market.
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