After years of research, the Wyoming Stable Token Commission has unveiled the mainnet launch of its first official state-backed stablecoin. The so-called Frontier Stable Token (FRNT), marking the first time a U.S. state has issued a blockchain-based, fiat-pegged token meant to be used by retail and enterprises alike, according to an announcement on Tuesday.
What is even the point of a stable coin like this. It’s literally pegged to the dollar. It’s a worthless exercise from a worthless state
Electronic payments without visa and MasterCard maybe?
It’s a foundation for future bullshit. I’m sure.