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The Wyoming state government issued 700,000 FRNT stablecoins on 7 networks to support the education fund.
[Coin World] News, on October 21 (UTC+8), according to the data panel, the government of Wyoming, USA, has recently issued 100,000 FRNT stablecoins on seven networks including Solana, Ethereum, Arbitrum, Base, Optimism, Polygon, and Avalanche C-Chain, with a total of 700,000 distributed across six Addresses. FRNT is fully backed by US dollars and short-term US Treasury bonds, and has an additional 2% reserve, the proceeds of which will be used to support the Wyoming education fund.